Author: PPD Team Date: 25/03/2025
The Solar Energy Corporation of India (SECI) has announced the results of its auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme (Mode-1, Tranche-II) to select producers for setting up green hydrogen production facilities in India.
The programme aims to promote large-scale green hydrogen production, improve cost competitiveness, and facilitate rapid expansion. A total annual production capacity of 450,000 metric tonnes (MT) has been awarded, with a maximum allocated incentive of Rs 22.39 billion.
Auction Results
Bucket 1 Allocations (Technology-Agnostic Pathways)
A total of 448,500 MT was allocated to multiple companies:
- AM Green Ammonia India – 90,000 MT, incentive of Rs 5.13 billion
- Waaree Clean Energy Solutions – 90,000 MT, incentive of Rs 5.10 billion
- Green Infra Renewable Energy Farms – 90,000 MT, incentive of Rs 4.37 billion
- L&T Energy Green Tech – 90,000 MT, incentive of Rs 3 billion
- Reliance Green Hydrogen and Green Chemicals – 49,000 MT, incentive of Rs 3.67 billion
- Suryadeep KA1 Project (InSolare Energy) – 19,000 MT, incentive of Rs 456 million
- GH2 Solar – 10,500 MT, incentive of Rs 471 million
- Oriana Power – 10,000 MT, incentive of Rs 300 million
Bucket 2 Allocation (Biomass-Based Pathways)
- Matrix Gas and Renewables – 1,500 MT, incentive of Rs 178.5 million
The selected companies must commission the green hydrogen production facilities within 36 months from the date of issuance of the letter of award. Bidders were required to submit a single bid to establish production facilities, with a minimum bid capacity of 10,000 MT per annum for technology-agnostic pathways and 500 MT per annum for biomass-based pathways. The maximum bid capacities allowed were 90,000 MT per annum for technology-agnostic projects and 4,000 MT per annum for biomass-based projects.
Bid submissions had to be in multiples of 500 MT per annum, and the quoted capacity must remain unchanged for the first three years of commercial operation. Bidders are responsible for determining project locations at their own discretion, cost, and risk, with the flexibility to change locations during execution. Producers must also submit quarterly progress reports to SECI, outlining project updates and any delays.