India is one of the significant hubs for renewable energy activity in the Asia Pacific region, with a target of achieving 500 GW of installed renewable capacity and ensuring 50% of its total power capacity comes from clean energy sources by 2030.
EICDataStream is tracking 298 renewable projects in the country, with a combined capacity of over 236 GW, of which 70% of the capacity tracked are solar PV projects. Investments in renewable projects are expected to grow, supporting the country’s ambitions for green hydrogen deployment. India's vast land resources and skilled workforce enable large-scale renewable energy installations, which are critical to green hydrogen production.
The country has launched its National Green Hydrogen Mission, aiming to produce 5 MMtpa of green hydrogen by 2030. Given its significant renewable energy potential, India is positioned for a first-mover advantage in the global green hydrogen market. Notably, one of the country's largest planned hydrogen projects is being led by Reliance Power Ltd. The $12 billion hydrogen hub will be located at the Port of Kandla in Gujarat and will include multiple green hydrogen and ammonia production plants across 14 land plots covering 3,600 acres.