ENA Sectors 2024-12-11 14:57:22 <p><span style="font-size:14px"><strong>New Delhi, Dec 11 (KNN)</strong> In a significant stride towards sustainable energy development, the Indian government is advancing its National Green Hydrogen Mission with targeted investments and manufacturing initiatives.</span></p> <p><span style="font-size:14px">The mission, launched in January 2023 with an initial allocation of Rs 19,744 crore, aims to establish a robust green hydrogen ecosystem in the country.</span></p> <p><span style="font-size:14px">The Ministry of New and Renewable Energy has informed Parliament about plans to provide viability gap funding for electrolyser manufacturing capacity of approximately 3,000 MW per annum.</span></p> <p><span style="font-size:14px">This strategic move is designed to accelerate green hydrogen production and support India's ambitious renewable energy goals.</span></p> <p><span style="font-size:14px">According to Minister of State for New &amp; Renewable Energy Shripad Yesso Naik, the mission has already awarded or is processing contracts for 3,000 MW of electrolyser manufacturing capacity and green hydrogen production capacity of 412,000 tons per annum.</span></p> <p><span style="font-size:14px">The comprehensive strategy extends beyond production, targeting broader economic and environmental objectives.</span></p> <p><span style="font-size:14px">The National Green Hydrogen Mission is projected to attract over Rs 8 trillion in investments and potentially create more than six hundred thousand jobs.</span></p> <p><span style="font-size:14px">Additionally, it is expected to contribute to a cumulative reduction of fossil fuel imports exceeding Rs 1 trillion and mitigate approximately 50 million metric tonnes of annual greenhouse gas emissions.</span></p> <p><span style="font-size:14px">The mission incorporates strategic interventions through the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), which provides financial incentives for domestic electrolyser manufacturing and green hydrogen production.</span></p> <p><span style="font-size:14px">It also plans to support pilot projects in emerging sectors and identify potential Green Hydrogen Hubs across the country.</span></p> <p><span style="font-size:14px">Aligned with India's commitment at COP26, the government is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030.</span></p> <p><span style="font-size:14px">As of October 31, 2024, the country has already installed 211.40 GW of non-fossil power capacity, demonstrating significant progress in its renewable energy transition.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40216 https://knnindia.co.in/news/newsdetails/sectors/india-advances-green-hydrogen-mission-with-rs-19744-crore-investment-for-renewable-energy 2024-12-11 14:57:22 knnindia.co.in