The Ministry of New and Renewable Energy (MNRE) has released new guidelines for the next phase of the “Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme – Component II: Incentive Scheme for Green Hydrogen Production (Mode 1) – Tranche-II”.
In this phase, the target is to produce 450,000 tons of Green Hydrogen per year. Out of this, 40,000 tons will come from biomass-based methods (Bucket-II), while the rest will use various technologies (Bucket-I). The Solar Energy Corporation of India (SECI) will manage this phase, with a call for bids to be issued soon.
The bidding process will be based on the lowest average incentive offered by bidders. For Bucket-I, bids can be between 10,000 and 90,000 tons per year. For Bucket-II, bids can be between 500 and 4,000 tons per year. Bidders can take part in one or both categories, with a maximum limit of 90,000 tons per year per bidder.
The National Green Hydrogen Mission, launched on 4th January 2023, has a budget of Rs. 19,744 crores up to FY 2029-30. This mission aims to make India self-reliant in clean energy, reduce dependence on fossil fuels, and establish India as a global leader in Green Hydrogen technology and markets.
