India will emerge as a leader in Green Hydrogen and Green Ammonia said R. K. Singh, Union Minister of Power and New and Renewable Energy addressing CII conference on “Aatmairbhar Bharat - Self Reliance for Renewable Energy Manufacturing”. 

The Minister also informed that India proposes green industry sectors to replace grey Hydrogen (drawn from imported natural gas) with green hydrogen and for this it will come out with a green hydrogen purchase obligation for different sectors like petroleum and fertilizer. This will also provide huge demand for domestically manufactured solar and wind equipment as well as storage.

Singh informed that the Government proposes to come out with Rules and Regulations providing for easier open access for those industries which want to become green i.e. which want to rely on green energy for their functioning.

Industry will be able to either set up green energy manufacturing capacity itself or through a developer and draw power from it through open access. The surcharge on open access will also be rationalized so as to ensure that open access is not saddled with unfair levies.

Singh stated that India had emerged as a world leader in the energy transition and had one of the fastest rates of growth of renewable energy capacity in the world.

Singh further added that India had pledged in COP-21 in Paris that by 2030, 40% of its power generation capacity will be from non-fossil fuel sources and had already reached 38.5%. If the capacity under installation is added, it comes to 48.5%.

The Minister said that India proposes to continue to be a world leader in the coming years as well and it has set a target of 450 GW of renewable energy capacity by 2030. 

Singh informed that India has already touched 200 GW of demand even when the effects of COVID-19 were still there. The demand had crossed what it was during pre-COVID time and it is expected that electricity demand will continue to rise. This gives us space for adding more renewable energy capacity.