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- Germany plans to buy green hydrogen from India to cover domestic energy needs and replace fossil fuel dependency.
ARTICLE PREVIEW
Gist Germany intends to import green hydrogen from India to reduce its reliance on fossil fuels and meet domestic energy requirements. This prospective partnership aligns India's robust renewable energy capacity with German technological expertise, a synergy that will be formally bolstered by the forthcoming EU-India Free Trade Agreement FTA . Background Negotiations for a comprehensive Free Trade Agreement between India and the European Union EU concluded in late January. As European nations look abroad to secure alternative clean energy sources like green hydrogen, New Delhi is leveraging these partnerships to establish India as a self-reliant global manufacturing and export hub for renewable energy. Steps taken by India in the field of Green Hydrogen - National Green Hydrogen Mission 2023 : Launched by the Ministry of New and Renewable Energy MNRE with a financial outlay of ₹19,744 crore to develop a green hydrogen production capacity of 5 million metric tonnes MMT per annum by 2030. - SIGHT Programme: The Strategic Interventions for Green Hydrogen Transition scheme provides direct financial incentives to boost domestic electrolyser manufacturing and subsidize green hydrogen production. -…
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