Kerala attracts investment proposal for green hydrogen

The Kerala government received investment proposals totalling ₹72,760 crore from four major companies as part of its draft green hydrogen policy, aimed at establishing green hydrogen and green ammonia facilities in the state.

The proposals are currently under review, and specific packages have been outlined. The companies intend to focus on exporting green ammonia to drive export-led growth. Each of these projects is expected to receive approximately ₹275 crore in capital expenditure subsidies from the state government, which will also offer a 100 percent exemption on electricity duty for a duration of 25 years.

One company among the four has put forward two separate investment proposals of ₹22,062 crore and ₹4,511 crore. India’s goal is to develop a green hydrogen production capacity of 5 MTPA by 2030 and to enhance exports of green hydrogen and its derivatives under the National Green Hydrogen Mission.

As reported by ETEnergyworld.com, the production of green hydrogen, which generates zero carbon emissions, is a preferred method for decarbonizing sectors that rely heavily on hydrogen.