Alfanar Group Eyes India's Green Hydrogen Market Amid Regulatory Uncertainty
Key Ideas
  • Alfanar Group plans to enter India's green hydrogen market once regulatory frameworks are clearer.
  • India lacks assured offtake agreements for green hydrogen, unlike the renewable energy sector.
  • The parent company of Alfanar is currently working on green hydrogen and green ammonia projects in Egypt and Chile, respectively.
  • Alfanar's renewable energy portfolio includes projects in Spain, India, and Egypt, with a significant presence in the wind power sector in Gujarat.
Alfanar Group, a Saudi Arabia-based company, is gearing up to venture into India's green hydrogen market as the country transitions towards sustainable energy sources. Mohammed Irfan, Chief of Alfanar India, highlighted the need for clearer policy and regulatory frameworks in India to facilitate the entry into the green hydrogen sector. While India has well-established power purchase agreements for renewable energy, the green hydrogen market lacks similar assurance. Alfanar's parent company is actively involved in developing a green hydrogen project in Egypt and a green ammonia project in Chile. The company's renewable energy portfolio, spanning 1.7 gigawatts, includes projects in Spain, India, and Egypt. In India, Alfanar is currently operating a significant 506.5 megawatts wind power project in Gujarat, with further expansion underway. The move to explore India's green hydrogen market aligns with Alfanar's commitment to sustainability and renewable energy initiatives. The company's strategic focus on diversifying its energy projects globally positions it well to capitalize on emerging opportunities in the green energy sector.
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