India needs 115 GW RE power to meet 5 mn tonnes green hydrogen target by 2030.

June 29, 2022

As per the EY India-SED Fund report, India will need 115 GW of renewable power generation capacity and 50 billion litres of demineralised water supply to achieve the goal of five million tonnes of green hydrogen by 2030.
In this decade, industrial feedstock-based applications will drive the demand for green hydrogen.
According to the EY-SED Fund report titled ‘Accelerating Green Hydrogen Economy’, released at the CII’s conference on ‘Green New Energy for a Net Zero India’ in Bengaluru, the Price parity between green and grey hydrogen production will determine the speed and scale of transition.
The report highlights that India’s ambition to produce 5 million tonnes of green hydrogen by 2030 will need 115 GW of renewable power generation capacity and 50 billion litres of demineralised water supply.
To get a sense of this scale, the current all-India installed capacity of renewable power generation is 113 GW as of May 2022.
The impact of the COVID-19 pandemic and the ongoing global conflict are stark reminders of how India’s dependence on energy imports and other commodities linked to global supply chains can threaten its strategic interests.
The emergence of green hydrogen as a promising low carbon feedstock and energy carrier for industrial applications is a boon for India’s long-term energy security, sustainability and self-reliance.
The levelized cost of green hydrogen production and storage (LCOH) is currently Rs 400/kg.
Around 40-50 per cent of this cost can be attributed to the renewable energy power plant, 30-40 per cent for electrolyser stack and balance of system, including demineralised water supply and 20-30 per cent for compressed storage.