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L&T Electrolysers and Matrix Gas win green hydrogen subsidies as Jindal India exits scheme
Jindal India failed to meet the February 3 deadlines for providing the necessary bank guarantees to formally enroll in the scheme, the source stated.Read more
Acme Group targets $300 mn equity raise for Green Hydrogen Ventures
The company, which recently sold 450-550 MW of power assets to BluPine for $180-200 million, is in the initial stages of appointing investment bankers for the equity funding process, conducted discreetly.Read more
9 firms secure incentives for 4.5 LT of Green Hydrogen Production in India
Reliance Green Hydrogen and Green Chemicals have been chosen to receive incentives for producing 90,000 tonnes of green hydrogen at a three-year average rate of Rs 18.9 per kg.Read more
Industry urges customs duty cuts for green hydrogen viability in India
Renewable energy devices such as solar modules face substantial customs duties and taxes upon import, rendering the establishment of Green Hydrogen facilities economically uncompetitive, according to experts.Read more
India’s RE sector receives FDI equity investment of $6.1 bn during Apr 2020 - Sept 2023
Under the extant Foreign Direct Investment (FDI) policy of the Government of India, FDI in renewable energy sector is permitted up to 100% under the automatic route.Read more
India considers Chinese imports for Green Hydrogen Boost
The Ministry of New and Renewable Energy (MNRE), a crucial player in the country's decarbonisation efforts, has suggested exemptions for green hydrogen developers.Read more
India navigates green steel transition amidst European scrutiny
This move is anticipated to impact Indian steel exporters, particularly those reliant on environmentally damaging coking coal for furnace operation.Read more
Deadline near for bids in India's Green Hydrogen Revolution under SIGHT Scheme
The last date to submit bids for green hydrogen and electrolyser manufacturing projects under the government's SIGHT Scheme ends on December 12, Parliament was informed on Thursday.Read more
India's National Green Hydrogen Mission Aims to Slash Fossil Fuel Imports by 2030
The Union Cabinet greenlit the mission in January 2023, allocating Rs 19,744 crore to establish India as a global hub for manufacturing green hydrogen, a sustainable energy source.Read more
European Investment Bank eyes green hydrogen in India, awaits proposals
In an earlier statement in 2023, the EIB had expressed its intent to support India's National Green Hydrogen Mission with a facility of up to €1 billion.Read more
