New Delhi: Union Minister for Power and New & Renewable Energy RK Singh has said India will soon launch a pilot project for producing 100 MW of round-the-clock (RTC) power using green hydrogen as storage. India will be the largest producer of green hydrogen and ammonia in the world and the largest exporter because it has the cheapest renewable power, he said, adding that the country has already amassed substantial manufacturing capacity for green hydrogen, positioning itself as a global leader in this burgeoning sector.
Sanjiv Puri, President Designate, CII, and Chairman & Managing Director, ITC Limited said, “MSMEs constitute a crucial economic component in our nation, serving as significant generators of employment. It is equally imperative to integrate MSMEs into the sustainability paradigm. Collaboration with large anchor players within the supply chain is pivotal, aiming to empower MSMEs. Treating them akin to valued partners, like esteemed clients, is vital. For instance, when a major corporation invests in renewable energy sources, extending the same benefits to MSME partners enables a platform for enhancing their competitiveness while concurrently facilitating their transition towards a lower-carbon footprint”.
The minister also unveiled a CII-EY report on Aatmanirbhar Bharat in RE manufacturing. The report focuses on India’s energy transition, which is gaining momentum, and its potential to emerge as a global champion for advancing renewable energy innovation and manufacturing. Building local manufacturing capacities can help reduce dependence on imports and build supply chain resilience for India and the rest of the world. The report puts forth the demand and supply chain dynamics of renewable energy technologies, government initiatives, and policy interventions for building further momentum.
The minister also released a dashboard on “Energy Transition Investment Monitor: The Energy Transition Investment Monitor” which is a collaborative analytics platform that tracks over 900 projects in the pipeline across renewable energy services and technology supply chains. These investment opportunities have tremendous potential for economic development and contribute towards India’s long–term climate action goals and energy security objectives.
In his address, Rajiv Memani, vice-president, CII and chair India Region and chairman Emerging Markets Committee, EY, suggested that the government could look at the PPP model in setting up desalination plants for using water for producing green hydrogen through electrolysis process.
