Local developers in India are promising to reduce the cost of green hydrogen to as low as $2/kg in the near future, when including subsidies, according to the top civil servant at the country’s Ministry of New and Renewable Energy.
In an exclusive interview at European Hydrogen Week in Brussels, Secretary Prashant Kumar Singh told Hydrogen Insight that such low costs were possible due to extremely cheap renewable energy (RE) in the country.
“Today, we are getting solar at almost two rupees a unit [$0.024/kWh]; wind is equally good at 2.5-2.6 [rupees] per unit. And the abundance is there — we have large capacities coming on line,” he said.
