India should adopt Japan’s contracts-for-difference (CfD) model to help make green hydrogen projects bankable and accelerate final investment decisions, a H2 View and gasworld webinar has heard.

Amrit Singh Deo, Senior Managing Director at FDI Consulting and advisor to the India Hydrogen Alliance (IH2A), explained that the bottleneck in projects reaching a final investment decision (FID) is not due to lack of demand, but bankability.

“The answer is simple, it’s offtake – guaranteed [long-term] offtake,” he said. “Without offtake guarantees, no project is going to be bankable.”

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