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India Targets 10% of Global Green Hydrogen Market by 2030
19 Aug
Summary
- India aims to capture 10% of global green hydrogen market by 2030
- Government awards 3,000 MW of electrolyzer manufacturing capacity to 15 companies
- Green hydrogen now cheaper than blue hydrogen in recent global tenders
As of August 19th, 2025, India is making significant strides in its ambition to become a global leader in the green hydrogen market. The country, which is the world's third-largest solar and wind power producer, aims to capture 10% of the global green hydrogen market, which is expected to reach 100 million tonnes by the end of the current decade.
Speaking at a FICCI event, the Minister of State for Power and New and Renewable Energy, Shripad Naik, outlined India's strategy to position itself as a reliable exporter in the rapidly expanding global green hydrogen market. The government has already awarded 3,000 megawatts (MW) of electrolyzer manufacturing capacity to 15 companies, marking a substantial industrial development in the sector.
Furthermore, the Minister highlighted a significant milestone for the industry - green hydrogen has recently become price-competitive against blue hydrogen in global tenders. This development is seen as a game-changer, as it demonstrates the growing competitiveness of the environment-friendly fuel.
India's renewable energy achievements, including the country's cumulative installed renewable energy capacity of 237 gigawatts (GW) as of June 2025, have laid the foundation for its green hydrogen ambitions. The country has set a target of 500 GW of non-fossil fuel-based capacity by 2030, requiring annual capacity additions of approximately 50 GW.
