India’s 2030 target of 5 mtpa green hydrogen capacity remains distant, SBICAPS says
In India, pv Magazine reported that India’s target of reaching 5 million tons per annum (mtpa) of green hydrogen production capacity by 2030 remains ambitious, with only around 10,000 tons per annum (10 ktpa) of operational capacity currently in place, according to a new report by SBICAPS.
The report says most announced projects remain in the pilot or early development phase, with a significant lead time associated with projects, owing to technological novelty, delays in equipment procurement, and time taken to build RE power farms. Further, the project economics depend on government support.
“These factors mean that the 1.2 mtpa of GH2 capacity auctioned under SIGHT Scheme acts as a ceiling for possible production by 2030, unless auction velocity surges by in the next 12 months,” states the report.
According to the report, India accounts for 10% of the global hydrogen consumption now. From current production of <10 ktpa, green hydrogen output could skyrocket to over 2 mtpa as per the IEA.
Category: Hydrogen
