New Delhi [India], September 24 (ANI): India has the potential and alternative to turn out to be a aggressive exporter of inexperienced hydrogen and ammonia, supported by its sturdy renewable power sources, significantly photo voltaic, S&P Global Energy Senior Analyst Matthew Hodgkinson mentioned.
Speaking to ANI on the sidelines of Horizons Clean Energy Expansion India 2026, hosted by S&P Global Energy, Hodgkinson mentioned India has among the many lowest-cost renewable power sources on the earth, which might assist it produce inexperienced hydrogen at aggressive costs.
“India is one of the cheapest places in the world for resource potential for renewable energy, especially for solar,” Hodgkinson mentioned.
He mentioned utilizing renewable power to provide hydrogen might assist India monetise its plentiful renewable sources.
The occasion brings collectively policymakers, business leaders and clear power consultants to debate the enlargement of India’s clear power sector and its rising function in world clear power commerce.
Hodgkinson mentioned India’s value benefit is already attracting curiosity from abroad patrons, with Indian initiatives securing rising offtake agreements.
India has signed agreements with European and Far Eastern patrons for ammonia and hydrogen, which might assist the event of a global marketplace for these fuels, he mentioned.
The alternative, nonetheless, just isn’t restricted to exports. Indian undertaking builders have additionally signed agreements to provide inexperienced ammonia to the home market, with the purpose of changing imports of gray ammonia.
“We’re very positive about the sector overall in India for the long term for both international and domestic sales,” Hodgkinson mentioned.
He mentioned India’s decrease renewable power prices might be significantly vital in contrast with main energy-importing markets resembling Europe, Japan and South Korea.
Hodgkinson additionally harassed the significance of worldwide partnerships in growing India’s inexperienced hydrogen sector. He mentioned Indian initiatives have obtained beneficial curiosity from European patrons of inexperienced hydrogen and its derivatives.
Bilateral agreements between India and European nations are additionally serving to assist undertaking improvement and offtake preparations, he added.
Over the following 5 years, a number of large-scale inexperienced hydrogen initiatives already introduced in India are anticipated to start operations. These initiatives might assist broaden each home consumption and worldwide commerce in inexperienced hydrogen and ammonia.
The wider occasion can be specializing in undertaking bankability and demand creation, infrastructure and expertise deployment, home manufacturing, supply-chain resilience and entry to worldwide markets.
Hodgkinson mentioned the mixture of India’s renewable power sources, undertaking improvement capabilities and worldwide offtake agreements might assist the long-term progress of the nation’s inexperienced hydrogen and ammonia markets. (ANI)