Gujarat pioneers green hydrogen agenda ahead of Global Summit 2024

The Gujarat Global Summit 2024 witnessed a momentous agreement as key stakeholders joined hands to pave the way for sustainable energy solutions.As a part of the preparation for the Vibrant Gujarat Global Summit in January 2024, the state government has undertaken 6 International and 8 Domestic Roadshows and delegation visits so far which have enabled the government to touch base with over 1000 companies.To incentivize investments in the green hydrogen domain, the Government of Gujarat has introduced a land allotment policy offering benefits to companies engaged in green hydrogen projects. Mandating substantial milestones, companies are required to meet specific green hydrogen production capacity criteria within defined time frames to encourage rapid growth in the sector.
The series of discussions held between the Government of Gujarat and international players from France, Japan, South Korea, Australia, Singapore, and domestic entities specializing in energy and green hydrogen from Mumbai, New Delhi, Kolkata, and Chandigarh have outlined opportunities available in Gujarat for collaboration and investment.The companies that have expressed interest in investments cater to various sub-sectors such as alternative fuels production, gas/technology-related solutions infrastructure, lithium-ion battery manufacturing, solar PV modules manufacturing, decarbonisation initiatives, and green hydrogen production.
Additionally, Danish Maritime companies have also expressed their interest in procuring green methanol and green ethanol from Gujarat ports.Gujarat presently contributes around 15% to India's Renewable Energy capacity and aims to source 50% of its energy from renewable sources as part of the Renewable Energy Policy 2023, thus supporting India's target of reducing carbon emissions by 45% by 2030, according to information.
Furthermore, as a part of these visits, various MoUs have been signed with companies like, MeOH Giga Battery (Australia) and Australian Premium Solar Pty Ltd (Australia) to expand Gujarat's renewable energy base. Further, Indian companies like Welspun and Kiri Industries signed MoUs with Lili Navitas (Germany) and Sundronix (Germany) to facilitate the export of Green Hydrogen and Green Ammonia from Gujarat to Europe.

(Ira Singh, Asstt Editor)