State takes lead in announcing green hydrogen policy, a first such in India
MUMBAI: The state cabinet on Tuesday gave approval to green hydrogen policy for Maharashtra in a bid to promote renewable energy across state. Maharashtra is the first state in the country to announce a policy for generating Green hydrogen — hydrogen produced by splitting water by electrolysis.
The cabinet also sanctioned funds to the tune of Rs 8,562 crore to provide subsidies and benefits to companies generating this green energy in the coming years.
The target of the policy is to make Maharashtra a leader in green hydrogen and its derivatives ecosystem in the country, with a production target of 500 kilo tons per annum green energy by 2030.
