The Ministry of New and Renewable Energy (MNRE) has published its Scheme Guidelines for implementation of Strategic Interventions for Green Hydrogen Transition Programme – Component II: Incentive Scheme for Green Hydrogen Production under Mode 1. This notification was issued on 28th June, 2023.
The objectives of the scheme are as follows:
- maximise production of green hydrogen and its derivatives in India
- enhance cost-effectiveness of green hydrogen and its derivatives vis-a-vis fossil-based alternatives
- encourage large-scale utilisation of green hydrogen and its alternatives
Moreover, the expenditure for the scheme will be met by budget provisions under the Hydrogen Mission Head. The Solar Energy Corporation of India will be the implementing agency for the implementation of the scheme.