The Indian government has revised its list of winners for the first auction for electrolyser manufacturing subsidies, originally announced in January, after steelmaker Jindal — which had won incentives for 300MW of annual manufacturing capacity — dropped out of the process.
This left 300MW per year of manufacturing capacity, with a maximum incentive of 4.44 billion rupees ($53.5m), to be redistributed among bidders.
Engineering company Larsen & Toubro, which had in January seen its 300MW/year bid partially awarded to cover 63MW/year, has now been awarded production-linked incentives for its full bid.
Meanwhile, Matrix Gas and Renewables, which had been left off the original winners’ list, has now been allocated subsidies for 63MW/year of its 105MW/year bid, worth up to 932.4m rupees.
Awards for a separate block of funding — for “indigenously developed” technology (rather than intellectual property licensed from abroad, such as L&T’s use of McPhy tech) — did not change, as that had already been fully allocated.
List of revised winners
Company | Bid capacity (MW/year) | Awarded capacity (MW/year) | Maximum incentive allocation (million rupees/year) |
Reliance Electrolyser Manufacturing Limited | 300 | 300 | 4,440 |
Ohmium Operations Private Limited | 137 | 137 | 2,027.6 |
John Cockerill Greenko Hydrogen Solutions Private Limited | 300 | 300 | 4,440 |
Advait Infratech Limited | 100 | 100 | 1,480 |
L&T Electrolysers Limited | 300 | 300 | 4,440 |
Matrix Gas and Renewables Limited | 105 | 63 | 932.4 |
Homihydrogen Private Limited | 101.5 | 101.5 | 1,502.2 |
Adani New Industries Limited | 300 | 198.5 | 2,937.8 |
Source: Solar Energy Corporation of India
Tags: Electrolyser, India, Subsidy
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