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ARTICLE · 23 FEBRUARY 2023

Market Intelligence Thought Leadership Award Winner

An Overview Of The Green Hydrogen Policy Framework

Luthra and Luthra Law Offices India
Luthra and Luthra Law Offices India
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Luthra and Luthra Law Offices India

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The Institute for Energy Economics and Financial Analysis (IEEFA) reported that investments in the Indian renewable energy sector touched an unprecedented figure of USD 14.5 billion...

IndiaEnergy and Natural Resources
Navin Syiem
Navin Syiem
Ruthvik Tumuluri
Ruthvik Tumuluri
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INTRODUCTION

The Institute for Energy Economics and Financial Analysis (IEEFA) reported that investments in the Indian renewable energy sector touched an unprecedented figure of USD 14.5 billion in the financial year 2021-22, a 125% jump compared to net investments reported in year 2020-21.1 As per the Ministry of Power, the trend is likely to continue, and the investments are predicted to surge to USD 25 billion in 20232. The expansion of the Indian renewable energy sector is a reflection of the larger global shift towards clean energy and the potential for opportunities in the sector.

Presently valued at about USD 1 trillion, the global market for clean energy is expected to double by 2030.3 Clearly, the incentives for major players to mobilize into the renewable energy sector are high. Major national companies such as Reliance Industries, Renew Power, Indian Oil, L&T, Adani Enterprises, and the ACME Group are in various stages of entering the green hydrogen

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