Is India Targeting 10% of Global Green Hydrogen Demand?

Synopsis
Key Takeaways
- India targets 10% of global green hydrogen market.
- 862,000 tonnes per annum production capacity allocated.
- 3,000 megawatts of electrolyser capacity awarded.
- Renewable energy capacity reached 237 gigawatts.
- Goal of 500 gigawatts of non-fossil fuel capacity by 2030.
New Delhi, Aug 19 (NationPress) India is targeting to secure approximately 10 percent of the global green hydrogen market, which is projected to surpass 100 million metric tonnes by 2030, stated Shripad Naik, Minister of State for Power and Renewable Energy, on Tuesday.
During the FICCI Green Hydrogen Summit, he emphasized that India has made significant strides towards its ambitious green hydrogen production goals, with 862,000 tonnes per annum of production capacity already allocated to 19 companies under the National Green Hydrogen Mission.
The government has also assigned 3,000 megawatts of electrolyser manufacturing capacity to 15 companies, representing a noteworthy advancement in the sector.
Naik articulated India's vision to position itself as a reliable exporter in the rapidly evolving global market, declaring, "We aspire to make India not just a leading producer but also a worldwide hub for green hydrogen export."
The minister underlined India's renewable energy accomplishments as the cornerstone of its green hydrogen objectives.
By June 2025, the cumulative installed renewable energy capacity reached about 237 gigawatts, which includes 119 gigawatts from solar, 52 gigawatts from wind, and 49 gigawatts from large hydro sources.
Alongside 8.78 gigawatts of nuclear power, non-fossil fuel sources now constitute over 50 percent of the total installed power generation capacity.
Naik expressed pride in achieving this crucial NDC goal five years ahead of schedule, commending Prime Minister Narendra Modi's leadership.
By 2030, India aspires to have 500 gigawatts of non-fossil fuel-based capacity, requiring an annual addition of roughly 50 gigawatts.
Vipul Tuli, Chair of FICCI's Renewable Energy CEOs Committee and Chairman of Sembcorp India, remarked, "In a recent global tender, green hydrogen has emerged as cheaper than blue hydrogen. This development is extremely significant."
However, he cautioned that the industry must prioritize sustainable, long-term commitments over merely pursuing lower prices.