India has natural advantage in producing green hydrogen: Hardeep Singh Puri

India has a natural advantage in producing Green Hydrogen due to the low cost and abundance of solar energy and investments in the power grid, the Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said.

Addressing the gathering at the 2nd International Conference on Green Hydrogen, Puri said India has great potential in the sector as it has one of the largest synchronous grids in the world, which can handle intermittent renewable energy and that the country’s installed solar capacity has increased 32 times from 2.6 GW in 2014 to 85.5 GW now.

India is poised to lead the global green energy demand and the rising domestic demand across diverse sectors.

Puri said, more than Rs. 30 lakh crores of investment is expected to come into the country to meet the target of 500 GW by 2030. He said that multilateral development banks have pledged up to USD 27 billion for India’s green growth.

The government has implemented a Green Hydrogen Policy with a production target of 5 million tonnes by 2030 and related development of renewable energy capacity. The Cabinet has approved the National Green Hydrogen Mission, with an initial outlay of Rs.19,744 crores.

Under the policy, he said that the government provides incentives such as the waiver of inter-state transmission charges for 25 years to the manufacturers of Green Hydrogen and Green Ammonia for projects commissioned before 30 June 2025 will accelerate production.

Going further, urging the industry’s support, Puri said that the country needs active support and collaboration amongst all stakeholders if it wants to position itself as the world’s green hydrogen hub.

Speaking at the summit, Union Minister for New and Renewable Energy Pralhad Joshi said that green hydrogen is a way forward towards sustainability.