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The Mission has four budgeted pillars:
1. SIGHT — Strategic Interventions for Green Hydrogen Transition (₹17,490 cr): - Component I — Electrolyser Manufacturing (₹4,440 cr): competitive reverse-auction tenders run by SECI awarding declining-block production- linked subsidies (₹/kW basis, declining over five years) for domestic electrolyser manufacturing. Tranche-1 (1.5 GW) awarded Jan 2024 to Reliance, Ohmium, John Cockerill, Adani New Industries, Jindal India, Waaree, L&T Electrolysers, Homihydrogen, Advait Infratech, Matrix Gas; tranche-2 (1.5 GW) awarded mid-2025. - Component II — Green Hydrogen Production (₹13,050 cr for Mode-1, plus Mode-2A/2B sector tenders for steel, shipping, fertilizers): declining production-linked subsidy in ₹/kg green-hydrogen basis, awarded via competitive reverse auction. Mode-1 tranche-1 (412 KTPA) awarded Apr 2024.
2. Pilot projects (₹1,466 cr): dedicated allocations for steel (₹455 cr), mobility (₹496 cr), shipping (₹115 cr), and decentralised green-hydrogen pilots — administered through MNRE in conjunction with the Ministries of Steel, Road Transport, and Ports/Shipping/Waterways.
3. R&D (₹400 cr): funds the Strategic Hydrogen Innovation Partnership (SHIP) under DST + MNRE for electrolyser materials (PEM/AEM/SOEC stacks, alternatives to platinum/iridium catalysts), storage, fuel cells, and safety codes.
4. Other components (₹388 cr): Green Hydrogen Certification Scheme of India (GHCSI), skilling, public outreach, and the regulatory framework (manufacturing/storage/transport standards, Bureau of Indian Standards norms).
The programme was launched alongside two complementary regulatory tools: the Green Open Access Rules 2022 (allowing electrolyser units to source renewable power without fully captive setups) and Section 9(1)(b) of the Electricity Rules 2022 (waiving inter-state transmission charges for green hydrogen / green ammonia for projects commissioned before 31 Dec 2030).
ambition at Jamnagar — 100 GW solar + 20 GW electrolyser by 2030), Adani New Industries (10 GW electrolyser, $50 bn green-H2 plan), NTPC, Indian Oil, GAIL, L&T, JSW Energy, ACME and ReNew are direct SIGHT-tender beneficiaries. Watch INDA/INDY/SMIN constituents for capex/guidance updates referencing SIGHT awards.
comparable to Australia's Hydrogen Production Tax Incentive (A$2/kg) under FMIA, US IRA §45V (up to $3/kg), EU Hydrogen Bank auctions, and the EU Net Zero Industry Act electrolyser-deployment target — India becomes the fifth allied bloc with a discrete hydrogen subsidy architecture aimed at securing electrolyser-and-production capacity. Themes this into western-industrial-policy-stack.
metals (PGM electrolyser catalysts), iridium (PEM stacks), nickel (alkaline stacks), and rare-earth-magnet motors used in compressors / balance-of- plant. Reinforces the demand case under-pinning the National Critical Mineral Mission (filed 2025-01-29).
and the EU as future green-ammonia / green-hydrogen offtakers, and the GHCSI certification system is being designed to be CBAM-compatible and inter-operable with the EU's Renewable Fuels of Non-Biological Origin (RFNBO) framework. A successful SIGHT Mode-2 ramp positions India as a meaningful export competitor against Saudi Arabia (NEOM Helios), the UAE, Oman, Australia, and Chile in 2027-2030 long-dated offtake tenders.
Indian fiscal mechanism to cover green-DRI / hydrogen-DRI projects — positions Tata Steel, JSW Steel and SAIL alongside European peers (ArcelorMittal, ThyssenKrupp, Salzgitter) accessing EU/Germany hydrogen subsidies.
on schedule? Initial tranches (Jan/Apr 2024) target FY2025-26 commissioning; watch for SECI quarterly progress reports and any award lapses / re-tenders.
competitive with Saudi/Oman/Australian projects on a delivered-to-port basis? Tranche-1 weighted-average bid was reportedly ≈₹50/kg ($0.60/kg) subsidy on top of merchant market — implies green-H2 production cost in the $2-3/kg range, potentially globally competitive but unproven at scale.
EU RFNBO 70% emissions-reduction threshold? Indian green-H2 exports to the EU CBAM regime require certification interoperability; an equivalence decision under EU Delegated Regulation 2023/1184 is the gating item.
trigger upstream offtake commitments from listed PSU buyers (IOC, BPCL, HPCL, IFFCO, GAIL)? Currently mostly aspirational; firm 10-year offtake contracts are the leading indicator of bankability.
the ₹19,744 cr is currently authorised; an extension or top-up beyond FY2029-30 will require fresh Cabinet approval.