India Launches Green Hydrogen Certification Scheme to Empower MSMEs
Key Ideas
- Union Minister Pralhad Joshi launches India's Green Hydrogen Certification scheme, aiming to bring transparency and credibility to green hydrogen production.
- MSMEs highlighted as the backbone of India's energy transition, with a crucial role in achieving self-reliant green hydrogen ecosystem by 2030.
- National workshop gathers over 300 delegates to discuss the pivotal role of MSMEs and strategies for their integration into large-scale hydrogen projects.
- Financial institutions like the World Bank, IREDA, and IIFCL participate to discuss risk mitigation and finance mechanisms for MSMEs in the green hydrogen sector.
Union Minister Pralhad Joshi officially launched India's Green Hydrogen Certification scheme in New Delhi, emphasizing the importance of transparency and credibility in green hydrogen production. During the launch, Minister Joshi highlighted the significant role that Micro, Small, and Medium Enterprises (MSMEs) will play in India's energy transition, calling them the 'backbone' of the green hydrogen ecosystem. The objective of the National Green Hydrogen Mission to establish a self-reliant green hydrogen ecosystem by 2030 relies heavily on the innovative capabilities and local solutions provided by MSMEs. A national workshop was held to explore opportunities and discuss the integration of MSMEs into large-scale hydrogen projects. More than 300 delegates, including stakeholders from MSMEs, policymakers, technology providers, and financial institutions, participated in the workshop. Secretary Santosh Kumar Sarangi from the Ministry of New and Renewable Energy stressed the need to build capacities, facilitate finance, and strengthen technology linkages to enable meaningful MSME participation in this emerging industrial landscape. Discussions at the workshop revolved around strategies to involve MSMEs in hydrogen projects, with a focus on risk mitigation and finance mechanisms. Financial institutions like the World Bank, Indian Renewable Energy Development Agency (IREDA), and India Infrastructure Finance Company Limited (IIFCL) were involved in discussions about developing green credit lines tailored to MSMEs in the green hydrogen sector.