India records lowest-ever price for green hydrogen in tender

A recent tender in India reported the lowest-ever price for green hydrogen, supported by low renewable energy costs and government incentives. Demand for green hydrogen remains limited and some investors have scaled back projects.

India has recorded the lowest-ever price for green hydrogen in a recent tender. Low renewable energy costs in the country and government incentives for production and equipment manufacturing are reported as major factors. The announcement has drawn attention because green hydrogen is proposed as a solution for heavy industries. Use and market demand for the fuel remain limited, and some investors have stepped back from projects. Key points: - A recent tender in India was reported as setting the lowest-ever price for green hydrogen. - Low renewable energy costs in India are cited as a key reason for the competitive price. - Government incentives, including financial support for production and equipment manufacturing, are reported to have contributed. - Demand and practical use of green hydrogen are reported as still limited. - Several investors have reportedly scaled back or withdrawn from green hydrogen projects. Summary: The tender result is reported to reflect improved cost competitiveness for green hydrogen in India due to cheaper renewables and state support. Undetermined at this time.