Europe's Hintco offers to solve India's billion-dollar green hydrogen quandary

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₹1,830 crore) to the project. The tenders are yet to be put out for the auctions. Officials at the Ministry of New and Renewable Energy and the Solar Energy Corporation of India (SECI) seemed open to explore further discussions on the matter, said Susana Moreira, executive director and co-chair of the board of H2Global Foundation.

However, the discussions were preliminary, and no agreement has been reached, she said. H2Global was floated by the German government in 2021 to incentivise the development of a global green hydrogen industry. The country is heavily reliant on the import of clean fuels to support its decarbonisation commitments.

Last month, Germany agreed to buy at least 259,000 tonnes of green ammonia from 2027 to 2033 from UAE-based Fertiglobe, which was the lowest cost bidder under the first tender floated by Hintco. The Indian government has already facilitated a similar arrangement for green ammonia through SECI, which has invited bids for manufacturing of green ammonia to be supplied to the fertilizer industry. An annual capacity of up to 5.39 lakh metric tonnes (MT) will be subsidised through the scheme under the National Green Hydrogen Mission to bridge the cost gap between grey ammonia and green ammonia.

Green ammonia and green hydrogen are nomenclatures used to classify gases made using renewable energy. Grey gases are made using conventional energy sources, which tends to be emission intensive. The grey and green gases are chemically identical.