From pv journal India
If India maintains the present momentum and implements the introduced tasks, it should meet its annual inexperienced hydrogen demand of two.85 MMT by 2030, based on SAREP. The transition NEEDS complete funding of $57.6 billion.
The report states that the fertilizer and export sectors account for almost 37% (1.02 MMT) and 29% (0.81 MMT) of the whole 2.85 MMT inexperienced hydrogen demand.
Within the base case situation, the report’s authors assume that 10% of India’s refineries will swap to inexperienced hydrogen, 10% of present metropolis gasoline distribution pipelines might be blended with inexperienced hydrogen , 50% of imported ammonia-based fertilizers could be changed domestically. inexperienced ammonia, and the nation will meet 6% of its wants from goal importing international locations by 2030.
To satisfy these inexperienced hydrogen demand estimates, the report says India wants 62 GW of further renewable power capability, 29 GW of electrolyzer capability, and 11 MMT per 12 months of infrastructure ammonia. This represents an estimated funding want of $36 billion, $15 billion, and $6 billion, respectively, by 2030.
Many oil public sector undertakings (PSUs) have introduced inner targets for the adoption of inexperienced hydrogen. The report’s authors thought-about inner targets from main oil PSUs in arriving at estimates from the oil refining and pure gasoline mixing industries.
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