Gujarat focuses on green hydrogen ahead of Vibrant Gujarat Global Summit 2024
Green Hydrogen and Green Energy Sector across the VGGS Roadshows and Delegation Visits.
To incentivize investments in the green hydrogen domain, the Government of Gujarat has introduced a land allotment policy offering benefits to companies engaged in green hydrogen projects.
Mandating substantial milestones, companies are required to meet specific green hydrogen production capacity criteria within defined time frames to encourage rapid growth in the sector.
The series of discussions held between the Government of Gujarat and international players from France, Japan, South Korea, Australia, Singapore, and domestic entities specializing in energy and green hydrogen from Mumbai, New Delhi, Kolkata, and Chandigarh have outlined opportunities available in Gujarat for collaboration and investment.
Gujarat presently contributes around 15% to India's Renewable Energy capacity and aims to source 50% of its energy from renewable sources as part of the Renewable Energy Policy 2023, thus supporting India's target of reducing carbon emissions by 45% by 2030.
Several companies have shown keen interest in investing in various sub-sectors, encompassing alternative fuels production, technology solutions infrastructure, lithium-ion battery manufacturing, solar PV modules manufacturing, decarbonization initiatives, and green hydrogen production. Danish Maritime companies have expressed interest in procuring green methanol and green ethanol from Gujarat ports, further indicating growing interest and diverse avenues for green energy.
Noteworthy Memorandums of Understanding (MoUs) have been inked with companies like MeOH Giga Battery and Australian Premium Solar Pty Ltd (Australia), along with collaborations between Indian entities such
