India targets 5MMT of green hydrogen by 2030

Renewable energy accounts for approximately 50% to 70% of the total cost of green hydrogen production.

India has implemented the National Green Hydrogen Mission (NGHM), with an objective to have a production capacity of 5 million metric tonnes per annum by 2030.

Under the NGHM, the costs of Green Hydrogen through competitive bidding are $4.21 (₹ 397) per kilogram for the Indian Oil Corporation Limited and $4.11 (₹ 387) per kg for the refineries of Bharat Petroleum Corporation and Hindustan Petroleum Corporation.

As per the World Bank Group, it is estimated that renewable energy accounts for approximately 50% to 70% of the total cost of green hydrogen production.

Around 8,000 tonnes per annum of green hydrogen production capacity has been commissioned in India till February 2026.