Economy, Banking & Business
Green Hydrogen Mission gets first 40 GW electrolyzer bids
Summary
The Ministry of New and Renewable Energy received the first bids for 40 GW electrolyzer manufacturing capacity under India's National Green Hydrogen Mission, a key step towards the 2030 targets.
Key TakeawayIndia aims to produce 5 million metric tonnes of green hydrogen annually by 2030.
Key Points
- First 40 GW electrolyzer bids received under NGHM.
- Green hydrogen cost target: below $1/kg by 2030.
- Mission budget: ₹19,744 crore over 7 years.
- India aims to be a global green hydrogen export hub.
Key Facts
- Electrolyzer Bids
- 40 GW
- H2 Target
- 5 MMT/year
- Mission Budget
- ₹19,744 Cr
- Cost Target
- <$1/kg
Why it matters?
Green hydrogen is critical to decarbonising India's steel, fertiliser, and transport sectors by 2030.