IOC’s bold move on hydrogen deserves credit even though the odds remain uncertain
The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
In Kutch, RIL also plans to build facilities for production of green ammonia, green methanol, and sustainable aviation fuel.
The National Designated Authority (NDA) will help India access international climate finance and carbon markets. It is likely to also help position India better as it has proposed to host the United Nations climate summit (COP 33) in 2028.
L&T Energy Greentech plans to invest nearly Rs 80,000 crore to build its mega green hydrogen and green ammonia plants at Kandla and Paradip ports. It will soon tap the export market, starting with the Middle East, for its Made-In-India electrolysers, CEO Derek M Shah told Moneycontrol.
The discovered price Rs 55.75 per kg translates to approximately $641 per MT, a substantial drop from the previously discovered price of Rs 100.28 per kg ($1,153 per MT) in the H2Global auction in 2024.
The UK will also support India on green hydrogen, civil nuclear energy, and offshore wind apart from helping it finance climate action.
The plant will run round-the-clock using renewable energy to supply 10,000 tonnes of green hydrogen annually to IOC for 25 years, a crucial step in India's National Green Hydrogen Mission.
State-owned Solar Energy Corporation of India has given a record 11th extension to its 724,000-tonne green ammonia tender, with the last date for submission of bids now set as July 10 (online) and July 14 (offline).
Prime Minister Narendra Modi on June 16 reiterated India’s commitment to finalising the long-awaited FTA with the EU by the end of 2025
India can achieve its 5 MMT target through blending, strategic sector selection and leveraging public procurement, Bain & Company, CII and Rocky Mountain Institute say in the report
The companies on whom this mandate will be applicable include Reliance Green Hydrogen and Green Chemicals, L&T Energy Green Tech, Waaree Clean Energy Solutions, JSW Neo Energy, Welspun New Energy and ACME Cleantech Solutions, among others.
In the first phase, 95 tonnes per annum (TPA) green hydrogen will be supplied to AIS facility
The proposed green hydrogen hub in Mundra will require 22 GW renewable energy, followed by the proposed hub at Kandla port. In total, Gujarat alone would require 32.3 GW of renewable electricity for its green hydrogen hubs, according to the National Electricity Plan.
Reliance Group is the only company that has won incentives under the National Green Hydrogen Mission in both the tranches for green hydrogen production.
The National Green Hydrogen Mission received Rs 600 crore, double of Rs 300 crore (RE) in FY25
The PM-KUSUM scheme, an initiative to solarise agriculture in India, got Rs 2,600 crore for FY26 against Rs 2,525 crore (RE) in FY25
CEOs hope that Union Finance Minister Nirmala Sitharaman will bring back the 15 percent corporate tax concession for new manufacturing units, including power plants. They also expect better incentives for domestic manufacturing and an extension of the waiver on Inter-State Transmission System (ISTS) charges for renewable projects.
The budget for the new and renewable energy sector is expected to go up to Rs 30,000 crore, with the PM Surya Ghar scheme getting the biggest share to meet the target of 50 lakh rooftop solar installations by March 2026
Goyal said reliable power would increasingly become a necessity with data centres coming up globally. Meanwhile, G20 Sherpa Amitabh Kant said India must radically shift towards cutting-edge technology to become 'atmanirbhar' and curb imports.
NTPC Green Energy Ltd. is developing the project at Pudimadaka, near the city of Visakhapatnam in Andhra Pradesh
The funds proposed to be raised will be used by Gentari to set up around 2,400 megawatts (MW) of solar and wind assets in the states of Karnataka and Andhra Pradesh.
Between January and November this year, the country added at least 24 GW of renewable capacity, double that of 2023, crossing the 200 GW mark. However, industry estimates show that nearly 40 GW of green projects have no takers.
The government also will release a Green Hydrogen Certification Scheme in the coming year, the minister for new and renewable energy said.
By middle of next year, the government would throw a challenge similar to iDEX in the defence sector, wherein global specifications would be suggested. If the startups, MSMEs and industry can match it through their pilot innovations, then the government would guarantee the off-take for a specified number of years, MNRE secretary Prashant Kumar Singh said.