India’s green hydrogen plans are making slow progress with not much clarity on the global demand for green ammonia, as the cost of producing green hydrogen makes it economically unviable, resulting in uncertainty over its pricing.
The government is making a huge push for green hydrogen. Under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, the government has set an ambitious production target of 5 million tonnes by 2030, with an outlay of ₹17,500 crore up to FY30, offering incentives for the production of electrolysers and green hydrogen.
While all leading energy companies, including state-owned enterprises such as Indian Oil Corporation, Oil India, NTPC, GAIL, and private sector conglomerates such as Reliance Industries have announced ambitious plans, it is yet to be called a success story.
