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Mahesh

06/07/24 11:58 AM IST

Green Hydrogen under SIGHT Scheme

In News
  • The Scheme Guidelines for implementation of “Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme – Component II: Incentive Scheme for Green Hydrogen Production (under Mode 1)- Tranche-II” have been notified by MNRE recently.
National Green Hydrogen Mission
  • The National Green Hydrogen Mission was launched on 4th January 2023, with an outlay of Rs. 19,744 crores up to FY 2029-30. It will contribute to India’s goal to become Aatma Nirbhar (self-reliant) through clean energy and serve as an inspiration for the global Clean Energy Transition.
  • The Mission will lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen. 
Objectives
  • Developing green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum, alongside adding renewable energy capacity of about 125 GW (gigawatt) in India by 2030.
  • It aims to entail over Rs 8 lakh crore of total investments and is expected to generate six lakh jobs.
  • It will also lead to a cumulative reduction in fossil fuel imports by over Rs 1 lakh crore and an abatement of nearly 50 MT of annual greenhouse gas emissions.
Significance
  • It will help entail the decarbonisation of the industrial, mobility and energy sectors; reducing dependence on imported fossil fuels and feedstock; developing indigenous manufacturing capabilities; creating employment opportunities; and developing new technologies such as efficient fuel cells.
  • India has a favourable geographic location and abundance of sunlight and wind for the production of green hydrogen.
  • Green hydrogen technologies are being promoted in sectors where direct electrification isn't feasible.
  • Heavy duty, long-range transport, some industrial sectors and long-term storage in the power sector are some of these sectors.
  • The nascent stage of this industry allows for the creation of regional hubs that export high-value green products and engineering, procurement and construction services.
Source- PIB

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