India | Green Hydrogen Vision
The levelised cost of green hydrogen in India will likely fall by up to 40% to Rs260-310/kg (US$3-3.75/kg) with the support of incentives, cheap renewable electricity, waiver of ISTS open access charges, distribution and transmission charges and lowering the GST rate for hydrogen to 5%. Electrolyser manufacturers are projected to achieve a 7-10% reduction in total system costs for the first five years with Rs2,960/kW (US$36/kW) being the average annual realisable base incentive.
While the green hydrogen scheme is an important step for India, refinements are needed to promote long-term investment and project viability.
