Under a signed strategic partnership, the duo on Sunday (Jan 16) said they will work closely to assess the potential role green hydrogen can play both as an enabler of the transition in India and as a new source of national energy exports.
In 2021 the company installed 13GW of renewables and has overall grown its capacity by over 53GW in the last five years, positioning it as one of the fastest growing renewable adapters in the world.
Focusing specifically on hydrogen, India has initiated the process for developing and launching a National Green Hydrogen Mission to enable cost competitive green hydrogen production, storage, distribution, and application technologies.
Secretary Mr. Indu Shekhar Chaturved, said, “India’s commitment for the cause of renewables is very well known and our record speaks for itself. We hope to make full use of the strategic partnership agreement and draw fully upon the expertise of IRENA in the area of renewable energy.”
With massive renewable energy potential, India has an aim to become a major producer of green hydrogen to support the decarbonisation of its industrial economy. If this is achieved, great opportunities will arise for the country, with IRENA suggests that hydrogen will account for around 12% of total energy supply by 2050.
Francesco La Camera IRENA Director-General, commented, “India is a renewable energy powerhouse and a country whose energy transition actions speak louder than their words. As a key global actor in the shift to renewables and a founding member of IRENA, India has played a major role in international energy cooperation.”
Permanent Representative of India to IRENA Ambassador Sunjay Sudhir, added, “India is privileged to be among one of the few countries IRENA has signed strategic partnership agreement with. As a responsible member of the community of nations India has always played leading role in sustainable development having initiated the International Solar Alliance in 2015 which now has 102 signatories.
“Furthermore, Prime Minister Shri Narendra Modi has announced the National Hydrogen Mission recently to accelerate plans to generate carbon free fuel from renewables.
“All these initiatives and policy decisions have increased the synergy which India could achieve with IRENA. I am very confident that the strategic partnership agreement being signed today between will further strengthen our work together in moving towards a greener and cleaner world.”
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