In a move that could mark a major turning point for the global shift towards cleaner energy, India is perfectly situated to join Europe’s green hydrogen supply chain. The announcement comes as the world’s second-most populous country looks to reduce its dependence on fossil fuels and meet its ambitious climate goals.
Green hydrogen is a clean form of energy that can be produced by splitting water molecules using renewable energy sources like solar and wind power. It has been touted as the fuel of the future, with the potential to power everything from cars and trucks to buildings and industrial processes.
Europe has been leading the way in the development of green hydrogen technology, with several countries investing heavily in infrastructure and production facilities. However, to truly achieve a global shift towards clean energy, it is important to have partners from around the world.
India, with its abundant sunshine and wind resources, is a prime candidate to join Europe’s green hydrogen supply chain. The country has already set an ambitious target of achieving 175 GW of renewable energy capacity by 2022 and has been making significant strides towards meeting this goal.
India’s Minister of New and Renewable Energy, R.K. Singh, recently announced that the country is planning to build a green hydrogen plant in Ladakh, which is situated at an altitude of over 10,000 feet and is known for its high solar radiation. The plant will be powered by renewable energy sources and will have a capacity of 50 MW.
The plant will be able to produce green hydrogen at a cost that is competitive with traditional sources of energy, according to Singh. This could open up a huge market for green hydrogen in India, which is expected to become the world’s most populous country by 2027.
India’s entry into Europe’s green hydrogen supply chain could also have major geopolitical implications. The move could help to strengthen ties between India and the European Union, which is already one of India’s largest trading partners. It could also help to reduce India’s dependence on fossil fuel imports, which currently make up a significant portion of the country’s energy mix.
The development of green hydrogen technology is still in its early stages, but with the right partnerships and investments, it could play a key role in the transition towards a cleaner and more sustainable future. India’s entry into Europe’s green hydrogen supply chain could be a major step in this direction.