The Indian Ministry of New and Renewable Energy (MNRE) has granted an exemption to export-oriented green hydrogen projects from its Approved List of Models and Manufacturers (ALMM) of domestic solar module manufacturers. This move will allow developers to use cheaper imported solar modules, significantly lowering production costs and promoting the expansion of demand for green hydrogen and its derivatives. India plans to produce 5 million metric tons of green hydrogen per annum by 2030, with a focus on exports, as it aims to replace grey hydrogen in the domestic market.
India's Green Hydrogen Ambitions: Fostering Exports through Import Exemption
Background
Green hydrogen, produced by splitting water using renewable energy sources, has emerged as a promising clean energy carrier. India aims to become a global hub for green hydrogen production, targeting 5 million metric tons per annum by 2030. To support this, the Indian Ministry of New and Renewable Energy (MNRE) has granted an exemption to export-oriented green hydrogen projects from its Approved List of Models and Manufacturers (ALMM) of domestic solar module manufacturers.
Exemption for Imported Solar Modules
The exemption will allow developers of export-oriented green hydrogen projects to import cheaper solar modules, significantly reducing production costs. This move is expected to promote the expansion of demand for green hydrogen and its derivatives, such as ammonia and methanol. India currently has a high dependence on imported grey hydrogen, which is produced from fossil fuels, and aims to replace it with domestically produced green hydrogen.
Key Benefits
The exemption is anticipated to bring several benefits, including:
Top 5 FAQs
1. Why is India focusing on green hydrogen production?
India aims to transition to a clean energy economy and reduce its dependence on fossil fuels. Green hydrogen is seen as a key component of this transition, offering zero-emission fuel for industries and transportation.
2. What is the potential of the green hydrogen market?
The global green hydrogen market is projected to reach over $50 billion by 2025. India aims to capture a significant share of this market through exports and domestic consumption.
3. What is the role of imported solar modules in green hydrogen production?
Solar modules convert sunlight into electricity, which is then used to split water and produce hydrogen. Imported solar modules are cheaper than domestic modules, reducing the overall cost of green hydrogen production.
4. How will the exemption benefit export-oriented projects?
The exemption allows developers to import solar modules at lower costs, reducing their capital investment and boosting their profitability.
5. What other measures is India taking to promote green hydrogen?
In addition to the exemption, India has launched a National Green Hydrogen Mission and established a Green Hydrogen Consortium to coordinate efforts and accelerate development in the sector.
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