Maharashtra has entered into MoUs worth over Rs 2,763 billion with seven companies for green hydrogen projects. The green hydrogen initiatives aim to produce 910 kilo tonnes per annum (KTPA) of clean energy, leading to the creation of job opportunities for approximately 63,900 individuals. In addition, it will result in an annual decrease of 5.11 billion kgs in carbon emissions.
NTPC Green Energy Limited has committed to investing Rs 800 billion. While ReNew eFuels is allocating Rs 664 billion, Avaada Green Hydrogen and Bafna Solar & Infra will invest Rs 500 billion. Additional companies participating in green hydrogen investments in the state include JSW Energy with Rs 150 billion investment, Welspun Godavari GH2 with Rs 299 billion, INOX Air Products with Rs 250 billion, and L&T Green Energy with Rs 100 billion.
Recently, in January 2024, on the sidelines of World Economic Forum annual summit at Davos, Switzerland, AM Green and Envision Energy entered into an MOU for the production of wind turbines to be utilised in AM Green’s initiatives in India and collaboration on projects related to green hydrogen.
In the same month, THDC India Limited announced a successful launch of its pilot green hydrogen project in accordance with the National Green Hydrogen Mission at its office complex in Rishikesh, Uttarakhand.
