Posted on 24 Mar 2025
India has selected nine companies as the winners of its second green hydrogen auction, awarding subsidies worth a combined INR 22.39 billion ($259 million) for three years.
State-owned Solar Energy Corporation of India (SECI) has awarded a total green hydrogen production capacity of 450,000 tonnes/year. Under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, companies could bid for subsidies of up to INR 50 ($0.60) per kilogram of hydrogen in the first year, INR 40 in the second, and INR 30 in the third.
The programme offers funding under two “buckets”: bucket 1 for technology-agnostic pathways, and bucket 2 for biomass-based pathways. While three companies bid under bucket 2, only one company – Matrix Gas and Renewables – was selected as the winner. It secured an average incentive of INR 39.67/kg for a production capacity of 1,500 t/y.
Under bucket 1, renewable energy company Oriana Power placed the lowest bid of INR 0.01/kg for 10,000 t/y of production capacity. AM Green Ammonia secured the highest incentive of INR 5.13 billion, supporting 90,000 t/y of production capacity, Kallanish notes.
Other winners include GH2 Solar, L&T Energy Green Tech, Reliance Green Hydrogen and Green Chemicals, and Waaree Clean Energy Solutions.
Tranche II of the SIGHT scheme was first announced last July. In December, SECI said the auction was oversubscribed, with 14 companies bidding for subsidies for a total production of 626,500 t/y.
Nine companies, including Reliance, ACME Cleantech Solutions, and Torrent Power won the first auction.
The Indian government is targeting production of 5 million t/y of green hydrogen by 2030.
Source:Kallanish
