Here are the winners of India’s first green hydrogen and electrolyser subsidy auctions
Reliance wins big in both tenders, with limited success for Adani
The results of India’s first auctions for green hydrogen and electrolyser subsidies have been published, with industrial conglomerate Reliance a big winner in both tenders.
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Mumbai-based Avaada, Singapore-headquartered Sembcorp and GH4India — a joint venture between Indian Oil, ReNew, and Larsen & Toubro — all lost out on their bids, which applied for subsidies in all three years.
In addition, two companies, UPL Limited and CESC Projects Limited, were included in the list of winners despite not bidding for any subsidies at all.
Company
Bid capacity (tonnes/year)
Requested subsidy for year 1 (rupees/kg)
Requested subsidy for year 2 (rupees/kg)
Requested subsidy for year 3 (rupees/kg)
Average incentive (rupees/kg)
Allocated production capacity (tonnes/year)
Reliance Green Hydrogen and Green Chemicals Limited
90,000
0.03
28.32
28.35
18.9
90,000
Welspun New Energy Limited
20,000
0
30
30
20
20,000
HHP Two Private Limited
75,000
50
25.13
0
24.0433
75,000
Torrent Power Limited
18,000
25
34.1
27.57
28.89
18,000
ACME Cleantech Solutions Private Limited
90,000
50
40
0
30
90,000
Greenko ZeroC Private Limited
90,000
50
40
0
30
90,000
JSW Neo Energy Limited
10,000
50
40
14
34.6667
6,500
Bharat Petroleum Corporation Limited*
2,000
30
30
30
30
2,000
Source: Solar Energy Corporation of India
Meanwhile, the auction for electrolyser manufacturing subsidies, which offered a maximum incentive of 4,440 rupees per kilowatt of capacity sold, assuming local content and domestic sales conditions are met, was even more competitive.
While Adani, the industrial conglomerate founded by billionaire Gautam Adani, had bid in capacity for both tranches, it only secured partial subsidy for the latter.
Company
Bid manufacturing capacity (MW/year)
Awarded manufacturing capacity (MW/year)
Maximum incentive allocation (million rupees/year)
Reliance Electrolyser Manufacturing Limited
300
300
4,440
Ohmium Operations Private Limited
137
137
2,027.6
John Cockerill Greenko Hydrogen Solutions Private Limited
300
300
4,440
Advait Infratech Limited (consortium with Rajesh Power Service Private Limited)
100
100
148
Jindal India Limited
300
300
4,440
L&T Electrolysers Limited
300
63
932.4
Homihydrogen Private Limited*
101.5
101.5
1,502.2
Adani New Industries Limited*
300
198.5
2,937.8
Source: Solar Energy Corporation India
US-based Ohmium already has a 500MW electrolyser factory in operation in India, with plans to expand this to 2GW.
Belgian manufacturer John Cockerill also aims to build a 2GW plant in the country, in partnership with one of India’s biggest clean-energy developers, Greenko; while Indian conglomerate L&T (Larsen and Toubro) has agreements in place to use the technology of two European electrolyser makers — France’s McPhy and Norway’s HydrogenPro.
Fellow Indian conglomerate Reliance Industries — run by Asia’s richest man, Mukesh Ambani — plans to build a 1GW factory producing low-cost electrolysers designed by Denmark’s Stiesdal.
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