India’s ambitious national green hydrogen mission is poised to unlock an investment pipeline of approximately $100 billion by the end of this decade, as the country strides towards its goal of becoming a global clean energy hub. This significant capital influx, aligned with the production target of 5 million tonnes per annum (MTPA) of green hydrogen, is expected to create over 600,000 new jobs, according to Union Minister for New and Renewable Energy, Pralhad Joshi.

The minister made these announcements while addressing the S&P Global Commodity Insights’ World Hydrogen India summit, underscoring the government’s commitment to fostering a conducive ecosystem for the industry. He emphasised that India’s strategy is “centred on improving ease of doing business and de-risking investment across the value chain,” a critical factor for attracting both domestic and international capital into this nascent sector.

This bold vision is underpinned by India’s remarkable progress in renewable energy capacity, which serves as the foundational pillar for green hydrogen production. Minister Joshi revealed that the country’s non-fossil fuel-based power generation capacity has already reached an impressive 250 gigawatts (GW). The government plans to double this capacity to 500 GW by 2030, ensuring the availability of clean, affordable electricity required for electrolysis. The current non-fossil portfolio comprises 123.13 GW of solar, 52.68 GW of wind, 55.22 GW of hydro, 11.60 GW of bio-energy, and 8.78 GW of nuclear power.

The scale of this opportunity was further detailed in a report launched by S&P Global at the summit. The analysis projects that hydrogen’s share in India’s energy demand will rise to over 3% by 2060, up from the current 1.8%, with green hydrogen accounting for a dominant 80% of domestic production. This aligns with a broader global trend where hydrogen demand is forecast to grow 3.5 times, increasing its share of final energy consumption from 1.7% to over 7% by 2060.

The government’s clear roadmap and focus on de-risking investments provide the certainty needed for companies to commit to large-scale, long-term projects. As India accelerates its transition towards energy self-reliance and net-zero commitments, the green hydrogen sector is set to become a cornerstone of the nation’s industrial and economic future.

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https://www.business-standard.com/industry/news/india-to-attract-100-billion-investments-in-green-hydrogen-by-2030-joshi-125092501274_1.html