India unveils incentives for green hydrogen, electrolyzer production

From pv journal India

India’s Ministry of New and Renewable Power (MNRE) has launched tips for incentive schemes for the manufacturing of inexperienced hydrogen and electrolyzers. theyNRE appointed Photo voltaic Power Corp. of India Ltd (SECI) because the implementing company for the schemes.

The ministry mentioned that incentives for inexperienced hydrogen manufacturing might be supplied by means of a number of fashions, together with aggressive bidding based mostly on requested incentives. Beneath incentive-based bidding, bidders should quote the annual manufacturing capability of inexperienced hydrogen and/or its derivatives for which the inducement is sought and the inducement requested for every of the primary three years of manufacturing.

The incentives will likely be given inside 5 years from the beginning of the manufacturing of the electrolyzer. The number of beneficiaries will likely be based mostly on home worth addition and efficiency quotient (particular power consumption of the electrolyzer produced).

Within the first section, bids will likely be launched for 1.5 GW of electrolyzer capability. The minimal bid capability is 100 MW and the utmost is 300 MW.

Sandeep Agarwal, founder and managing director of Greenzo, mentioned that the MNRE initiative will encourage extra investments within the manufacturing of electrolyzers within the Indian market. Agarwal mentioned Greenzo Power is establishing an alkaline electrolyzer manufacturing plant with an annual capability of 250 MW in Sanand, Gujarat, and can profit from the inducement scheme.

“As an MSME we admire this initiative, which is not going to solely assist the expansion of the inexperienced hydrogen business but in addition encourage the manufacturing of electrolyzers inside the nation,” he added. “This step is per the bigger purpose of attaining web zero emissions by 2070.”