India unveils incentives for green hydrogen, electrolyzer production – pv magazine International

From pv journal India

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

The ministry mentioned that incentives for inexperienced hydrogen manufacturing may be provided via a number of fashions, together with aggressive bidding primarily based on requested incentives. Below incentive-based bidding, bidders should quote the annual manufacturing capability of inexperienced hydrogen and/or its derivatives for which the motivation is sought and the motivation requested for every of the primary three years of manufacturing.

The incentives will probably be given inside 5 years from the beginning of the manufacturing of the electrolyzer. The collection of beneficiaries will probably be primarily based on home worth addition and efficiency quotient (particular vitality consumption of the electrolyzer produced).

Within the first section, bids will probably 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 Vitality is establishing an alkaline electrolyzer manufacturing plant with an annual capability of 250 MW in Sanand, Gujarat, and can profit from the motivation scheme.

“As an MSME we respect this initiative, which is not going to solely help the expansion of the inexperienced hydrogen trade but additionally encourage the manufacturing of electrolyzers throughout the nation,” he added. “This step is in step with the bigger purpose of attaining web zero emissions by 2070.”