About Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme:
- It is a subcomponent of National Green Hydrogen Mission.
- Aim: To bolster domestic electrolyser manufacturing and green hydrogen production.
- In the initial stage, two distinct financial incentive mechanisms were proposed with an outlay of ₹ 17,490 crore up to 2029-30:
- Incentive for manufacturing of electrolysers
- Incentive for production of green hydrogen.
- Depending on the markets and technology development, specific incentive schemes and programmes will continue to evolve as the Mission progresses.
- Implementing agency: The Solar Energy Corporation of India (SECI) would be the implementing agency responsible for the scheme’s execution.
What is the National Green Hydrogen Mission?
- It is implemented by the Ministry of New and Renewable Energy with an outlay of ₹ 19,744 crore from FY 2023–24 to FY 2029–30.
- The overarching objective of the Mission is to make India a global hub for the production, usage, and export of Green Hydrogen and its derivatives.
- The expected outcomes of the mission by 2030, are as follows:
- India’s Green Hydrogen production capacity is likely to reach 5 MMT per annum, contributing to reduction in dependence on the import of fossil fuels. Achievement of Mission targets is expected to reduce a cumulative ₹ 1 lakh crore worth of fossil fuel imports by 2030.
- This is likely to leverage over ₹8 lakh crore in total investments and create over 6 lakh jobs.
- Nearly 50 MMT per annum of CO2 emissions are expected to be averted through the production and use of the targeted quantum of Green Hydrogen.
- It has a provision for supporting pilot projects for low-carbon steel, mobility, shipping, and ports.
- The Mission provides allocations for various sub-components of the Mission such as SIGHT, Pilot projects, R&D etc. to fund specific selected projects.
- There is no State-wise allocation made under the Mission.
Key Facts about Green Hydrogen:
- Green Hydrogen is produced by the process of electrolysis, where water is split into hydrogen and oxygen using electricity generated from renewable sources like solar, wind, or hydropower.
- This process results in a clean and emission-free fuel that has immense potential to replace fossil fuels and reduce carbon emissions.
