Reliance and ReNew among 14 bidders for India's green hydrogen incentives

Fourteen companies, including Reliance and ReNew, have submitted bids for India's green hydrogen transition scheme, totaling 450,000 tonnes of capacity. The scheme offers up to Rs 5,400 crore in incentives over three years to boost domestic production. The bids were opened by the Solar Energy Corporation of India, with Reliance and others claiming the maximum capacity available. The scheme provides financial benefits decreasing from Rs 50 per kg in the first year to Rs 30 per kg in the third year. India's National Green Hydrogen Mission, launched in January 2023, aims to develop a production capacity of at least 5 million metric tonnes annually. It includes incentives for domestic electrolyser manufacturing and supports pilot projects in emerging sectors.