With India’s goal of cutting carbon emissions by 45% by 2030, the Gujarat government has launched a new green H2 policy for producing green hydrogen.
In less than two months, the draught policy will be ready. According to a press note, it will be carried out after stakeholder meetings and in conformity with Ministry of Environment, Forest, and Climate Change regulations.
By using green hydrogen instead of grey hydrogen, which is now produced mostly using fossil fuels (coal and natural gas), there will be a significant drop in carbon emissions, the note continued.
Incentives for Companies
A land policy for producers of green hydrogen has recently been released by the Gujarat government.
Gujarat has also established a variety of incentives for firms who contribute to the state’s green hydrogen initiatives in compliance with its Land Allotment Policy. Within five years of the plant’s commissioning, the firms must produce 50% and 100% of their green hydrogen, respectively.
For the production of at least a million metric tonnes annually, any unit or company may submit a land application. Candidates must have 500 MW or more of experience generating electricity using solar, wind, and hybrid technologies.
The applicant must consume brown, grey, and blue hydrogen and have a minimum yearly need for one million metric tonnes of green hydrogen. The yearly land fee is Rs 15,000 per hectare, and it will rise by 15% every three years.
With commitments to invest more than Rs 10 lakh crore in this industry, the Reliance and Adani companies have signed Memorandums of Understanding (MoU) with the government totaling Rs 5.6 lakh crore and Rs 4.13 lakh crore, respectively. This will generate three million tonnes of renewable hydrogen each year. Other companies have also signed MOUs to invest in green energy projects, including Torrent and ArcelorMittal.
Demand for Renewable Energy is Rising
The availability of land, water resources, transmission and evacuation infrastructure, and port accessibility will all be taken into consideration when choosing where to locate green hydrogen plants. The state administration has also designated 1,999,000 hectares of land for the project along the boundary between Kutch and Banaskantha. The land will be made first accessible to interested firms on a 40-year lease.
Large-scale Green Hydrogen production will greatly boost Gujarat’s need for renewable energy because producing one kilogram of green hydrogen (GH2) requires 50 to 55 units of renewable energy power. The statement claimed that by 2023, the demand for renewable energy will also rise by 165 billion units, as planned in the state’s Land Policy.
Source: The Print
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