Reliance Green Hydrogen and Green Chemicals, L&T Energy, ReNew E-fuels, Waaree Clean Energy Solution, Avaada Green H2, and AM Green were among the fourteen companies that placed bids for financial incentives linked to production of green hydrogen, under the second tranche of Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) Scheme.
This was announced by the Solar Energy Corporation of India (SECI), the implementing agency for the auction, on Tuesday. The SECI had invited bids for setting up of 450,000 tonnes per annum of green hydrogen capacities with 40,000 tonnes per annum capacity reserved for biomass-based pathways (bucket-II) and the rest for technology agnostic pathways (bucket-I).
While Reliance Green Hydrogen, L&T Energy Green Tech, AM Green, and Waaree Clean Energy Solution bid for a production capacity of 90,000 tonnes per annum each under bucket-I, ReNew bidded for 55,000 tonnes per annum of capacity, followed by Avaada with 45,000 tonnes per annum.
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Other companies that submitted bids under the second tranche included ChemSepT Engineering, Green Infra Renewable Energy Farms, GH2 Solar, Matrix Gas and Renewables, Nishal Enterprises, Ocior Energy, Oriana Power, and, Suryadeep KA1.
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The Indian private sector is betting big on the renewable energy sector particularly in the production of green hydrogen with plans to set up huge capacities. In an interaction with FE earlier, Vineet Mittal, Chairman of Avaada Energy has said that the company plans to set up dedicated green hydrogen and derivatives production facilities and export it to the West.
Avaada is presently working on a half million tonnes green ammonia project in Gopalpur, Orissa with an estimated investment of Rs 25,000 crore and has many upcoming projects in the segment in Maharashtra and Orissa in the next few years.
Waaree Energies has also disclosed its plans to diversify into green hydrogen and is also looking at setting up electrolyser manufacturing capacity through its wholly owned subsidiary. It has already won a contract under the government’s SIGHT scheme to set up a 300 MW of electrolyser manufacturing capacity.
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