USAID’s South Asia Regional Energy Partnership (SAREP) says in a new report that India’s demand for green hydrogen will rise to 2.85 million tonnes (MMT) per year by 2030.
If India maintains its current pace and implements announced projects, it will meet its annual green hydrogen requirement of 2.85 MMT by 2030. SAREP. The transition will come demand total investment 57.6 billion dollars.
According to the report, the fertilizer and export sectors account for nearly 37% (1.02 MMT) and 29% (0.81 MMT) of the total green hydrogen demand of 2.85 MMT.
In the baseline scenario, the authors of the report assumed that 10% of India’s refineries would switch to green hydrogen, 10% of existing urban gas distribution pipelines would be blended with green hydrogen, and 50% of ammonia-based fertilizer imports would be replaced by domestic ones. green ammonia, and the country would satisfy 6% of the demand in the target countries by 2030.
According to the report, India needs 62 GW of additional renewable energy capacity, 29 GW of electrolysis capacity and 11 MMT per year of ammonia infrastructure to meet these green hydrogen demand estimates. This corresponds to an estimated investment need of $36 billion, $15 billion and $6 billion by 2030.
Several oil public sector undertakings (PSUs) have announced internal targets for green hydrogen adoption. The authors of the report took into account the internal objectives of the leading oil feeders in arriving at the estimations of the oil refining and natural gas blending industry.
Continue reading at pv-lehti India.