At Shiva Consultancy Group, our unwavering commitment to sustainability and innovative solutions drives us to stay at the forefront of industry advancements. Recently, the Ministry of New and Renewable Energy (MNRE) issued new guidelines for the implementation of the Green Hydrogen scheme under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme – Component II: Incentive Scheme for Green Hydrogen Production (under Mode 1) – Tranche-II. This development aligns perfectly with our mission to foster holistic and sustainable growth in various sectors, including green energy.
Overview of the SIGHT Scheme
On July 3, 2024, MNRE notified the scheme guidelines for the SIGHT Programme’s second tranche, aimed at incentivizing green hydrogen production. This tranche has a total capacity of 450,000 tons per annum (TPA) of green hydrogen, with a significant portion reserved for specific production pathways:
- Bucket-I: Technology-agnostic pathways, with a capacity range of 10,000 TPA to 90,000 TPA per bidder.
- Bucket-II: Biomass-based pathways, with a capacity range of 500 TPA to 4,000 TPA per bidder.
The Solar Energy Corporation of India (SECI) will continue as the implementing agency, ensuring the smooth rollout and management of this ambitious scheme.
Bidding and Incentives
Bidding under the scheme will prioritize the least average incentive quoted by bidders. The maximum allocation per bidder is capped at 90,000 TPA, encouraging widespread participation and competition. This approach ensures cost-efficiency and stimulates innovation in green hydrogen production technologies.
National Green Hydrogen Mission
Launched on January 4, 2023, the National Green Hydrogen Mission is a cornerstone of India’s strategy to achieve self-reliance in clean energy. With an outlay of ₹19,744 crores up to FY 2029-30, the mission aims to:
- Significantly decarbonize the economy.
- Reduce reliance on fossil fuel imports.
- Position India as a global leader in green hydrogen technology and markets.
Implications for Clients and Partners
The implementation of the SIGHT scheme presents a myriad of opportunities for our clients and partners engaged in the green energy sector. Here’s how Shiva Consultancy Group can assist you in leveraging these opportunities:
- Strategic Advisory: Our team of experts provides comprehensive guidance on navigating the bidding process, ensuring that your proposals align with the scheme’s requirements and maximize your chances of securing incentives.
- Technical Support: We offer technical support in developing and optimizing green hydrogen production technologies, with a focus on both technology-agnostic and biomass-based pathways.
- Project Management: From project inception to execution, we manage the entire lifecycle, ensuring that your green hydrogen projects are delivered on time and within budget.
- Regulatory Compliance: Our deep understanding of regulatory frameworks ensures that your projects comply with all national and international standards, mitigating risks and enhancing credibility.
Conclusion
Shiva Consultancy Group is dedicated to driving sustainable and innovative solutions in green energy. The SIGHT scheme for green hydrogen production is a monumental step towards achieving India’s clean energy goals. By partnering with us, you can navigate this transformative journey with confidence and expertise.
For more information and to explore how we can assist you, please visit our website or contact us at rksjha@live.in.
Together, let’s pioneer a sustainable future through green hydrogen.
Contact Information
Mr. Rakesh Jha – Co-Founder, Shiva Consultancy Group
SF 34, 4D Square Mall, Motera, Ahmedabad 380005 – GJ- IND
Cell: +91 9979021275
Email: rksjha@live.in
Website: https://www.shivagroup.org.in
LinkedIn: linkedin.com/in/rksjha
Ref : Press Information Bureau, Government of India, Ministry of New and Renewable Energy, 05 JUL 2024 2:58PM by PIB Delhi