Low renewable energy costs to aid India’s green hydrogen push

Low renewable energy production costs will give India a leg up in green hydrogen production amid increasing competition, according to India’s Renewable Energy Minister.

“We have an installed capacity of 106,000 megawatts of renewable energy and that is not something every country has,” Raj Kumar Singh, Minister of Power and New and Renewable Energy, told The National.

“About 75 percent of the cost of green hydrogen is the cost of energy and setting up renewable energy capacity in India is cheaper than anywhere else,” said Singh.

The cost of one megawatt of solar capacity in India is about $600,000, “which is the cheapest in the world,” he said.