India’s $2.1bn leap towards its green hydrogen vision

India’s US$2.1 billion push to transform it into a global green hydrogen powerhouse has received a strong response from large strategic investors in the country’s private sector, but the scheme can be further improved to attract start-ups and global players, according to this new joint report released by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. The report finds that large Indian corporations have evinced strong interest in the tenders issued for both electrolyser manufacturing and green hydrogen production under the National Green Hydrogen Mission’s Strategic Interventions for Green Hydrogen Transition (SIGHT) programme. For both tenders, the bids received by the Solar Energy Corporation of India (SECI), overseeing the SIGHT programme, exceeded the capacity offered under the SIGHT programme’s incentives.