EY-SED Fund report was released at the CII’s conference on ‘Green New Energy for a Net Zero India’ in Bengaluru.
The report said that the country needs 115 GW of renewable power generation capacity and 50 billion litres of demineralised water supply to achieve five million tonnes of green hydrogen by 2030.
The report said that Price parity between green and grey hydrogen production will determine the speed and scale of transition in the country.
In this decade, industrial feedstock-based applications will drive the demand for green hydrogen, said the report.
Currently, the installed capacity of renewable power generation in the country is 113 GW as of May 2022.
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