The Indian Government has awarded three-year subsidy payments to nine companies for green hydrogen production projects, with AM Green Ammonia and Waaree Clean Energy Solutions emerging as the biggest recipients.
India allocated ₹22.39bn crores ($258.84m) to support 450,000 tonnes per year of green hydrogen production – the maximum allowable under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
Last December, the Solar Energy Corporation of India (SECI) announced that the country’s second hydrogen auction was oversubscribed, attracting 14 bids for 625,500 tonnes. In the end, four bidders missed out, while those who aimed for maximum subsidies in select years lowered their overall average by quoting ultra-low rates in others.
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