What happened in India’s green hydrogen market in Q4

The country recorded a number of key tenders and bid applications last quarter.

India’s green hydrogen sector continues to grow, with three major green hydrogen tenders issued by various tendering authorities in the fourth quarter of 2024.

According to JMK Research & Analytics, the tenders include MECON Limited, Hindustan Petroleum Corporation Limited (HPCL), and Powergrid Corporation of India.

In terms of bid submission, the Solar Energy Corporation of India (SECI) opened a set of bids submitted by 14 players with a cumulative capacity of 626,500 MT per annum.

Waaree Energies approved INR 200 crore investment to set up a 300 megawatt electrolyser manufacturing plant under the Production Linked Incentive scheme.

For regulations, the Ministry of New and Renewable Energy issued two central-level policies, notifications, or orders. This includes the development of pilot projects for the production and use of green hydrogen in various applications and the establishment of Centres of Excellence under the Research and Development Scheme of the National Green Hydrogen Mission.