India's target for green hydrogen production by 2030 is five million metric tonnes per year.
Current incentives in place include waiving of open access charges and the SIGHT financial incentive program.
Challenges facing green hydrogen production in India include high costs, logistical difficulties, mismatched offtake agreement tenure, and limited debt financing.
To make green hydrogen more viable, additional incentives such as waiving power banking charges, GST reduction, green debt provision, and market-driven cost reduction are needed.