India in Talks With Singapore and EU to Sell Green Hydrogen

A report from three government officials and one industry source, India has explored a possible arrangement to sell more than 11 million metric tonnes of green hydrogen per year to the European Union and Singapore, which would then invest in these Indian clean energy projects. New Delhi is considering bilateral agreements that would allow countries to use carbon credits associated with the production of green hydrogen, which is produced using renewable energy.

According to one of the officials who attended a meeting in New Delhi on Wednesday, India and the EU discussed green hydrogen agreements for 10 million metric tonnes per year, under which enterprises in the EU might engage in projects in India and claim carbon credits.

According to another official, Singapore is trying to obtain 5 million metric tonnes of green ammonia per year through such bilateral arrangements, which is equivalent to another 1-1.5 million metric tonnes of green hydrogen per year.

The officials did not specify the length or start year of such contracts.

Green ammonia, which is commonly used to carry fuel, is a green hydrogen derivative. Because the conversations are still underway, none of the officials wanted to be identified. Requests for response were not immediately responded to by India's renewable energy ministry, an Indian government spokesman, or a communications officer at the EU headquarters in New Delhi.

The meetings hosted by the Indian government on Wednesday were also attended by Indian renewable companies including Avaada Group, Renew Power and ACME Group.