Daily News Wrap-Up: MNRE Outlines Incentives for Green Hydrogen Production

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January 19, 2024

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The Ministry of New and Renewable Energy (MNRE) has released an implementation framework to incentivize the production of 200,000 MT of green hydrogen annually. Additional capacity, if any, may be decided by MNRE for subsequent tranches. The incentives will be granted over three years. In the first year, the incentive for green hydrogen will be ₹50 (~$0.60) /kg, ₹40 (~$0.48)/kg in the second year, and ₹30 (~$0.36)/kg in the third year. However, the incentives will not be available under two different modes of the SIGHT Program.

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