MNRE unveils 2nd tranche of Green Hydrogen incentive scheme with outlay of Rs 13,050 cr

New Delhi: The Ministry of New and Renewable Energy (MNRE) has notified the scheme guidelines for the second tranche of the incentive scheme for the production of Green Hydrogen with a total financial outlay of Rs 13,050 crore. “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 on 03rd July 2024,” said the MNRE in a statement on Friday.

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The capacity of Tranche-II will be 450,000 TPA of Green Hydrogen, with 40,000 TPA capacity reserved for biomass-based pathways (bucket-II) and the rest for technology agnostic pathways (bucket-I).

SECI implementing agency for Mode-1 of Green Hydrogen incentive scheme

Solar Energy Corporation of India (SECI) is the implementing agency for this tranche of Mode-1 of Component-II of the scheme. The Request for Selection (RfS) shall be issued by SECI shortly, said the MNRE.

The bidding shall be based on the least average incentive quoted by the bidder. The minimum bid under bucket-I is 10,000 TPA while the maximum bid is 90,000 TPA. The minimum bid capacity in bucket-II is 500 TPA and the maximum capacity is 4000 TPA. A bidder can bid in any or both buckets. The maximum capacity which a single bidder can be allotted in this tranche is 90,000 TPA.

The National Green Hydrogen Mission was launched on January 4, 2023, with an outlay of Rs 19,744 crores up and a timeline up to FY 2029-30. “It will contribute to India’s goal to become ‘Aatmanirbhar’ (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,” said the MNRE.

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