Saudi Arabia-based energy company Alfanar Group is preparing to foray into India’s green hydrogen space, but will wait for greater clarity on the country’s policy and regulatory framework. Mohammed Irfan, CEO of Alfanar Global Development – India, confirmed the company’s intent to enter the sector once key enablers such as regulatory support and guaranteed offtake mechanisms are in place.
“We are preparing to enter the hydrogen segment once India’s policy framework becomes clearer,” said Irfan, adding that Alfanar plans to replicate successful international models from Egypt and Chile in the Indian market.
Strong Base in Wind and Hybrid Projects
Currently, Alfanar operates 506.5 MW of wind power capacity in Gujarat, with an additional 50 MW under construction. The company is focusing on wind-solar hybrid projects combined with energy storage to enhance grid stability and project efficiency.
“Our focus is on a mix of wind and solar hybrid projects, along with energy storage,” Irfan explained, highlighting the company’s strategy to remain agile while India’s hydrogen policies evolve.
India’s Renewable Advantage: Long-Term PPAs
While Alfanar awaits developments in the hydrogen segment, Irfan acknowledged the stability of India’s renewable energy landscape, particularly due to long-term power purchase agreements (PPAs) with central agencies like NTPC and SECI. These agreements, he noted, offer much-needed revenue certainty to developers and could serve as a model for future hydrogen projects.
Expanding Global Footprint in Clean Energy
Globally, Alfanar is actively building its position in the renewable energy transition, with a portfolio totaling 1.7 GW across India, Egypt, and Spain. As reported by etenergyworld.com, the group, with annual revenues of ₹620 crore, aims to leverage its growing international experience to scale operations in emerging clean energy markets.
