SIGHT Programme - Component I: Incentive Scheme for Electrolyser Manufacturing Tranche II

India has allocated INR 22 billion (USD 0.25 billion) for electrolyser manufacturing incentives from FY2025 to FY2030, with support decreasing from USD 53/kW to USD 18/kW over five years. The scheme includes three technology categories: one open to all technologies (1.1 GW/year), one for indigenous producers (0.3 GW/year), and one for indigenous stack manufacturers (0.1 GW/year), each with defined bid ranges. Incentives are adjusted based on energy efficiency and domestic value addition. In July 2024, 23 companies were selected with significant oversubscription across all categories. Letters of agreement were issued to 13 companies by early 2025, including a 300 MW/year award to Wanree Energies. The scheme mandates increasing domestic content—from 40% in year one to 80% by year five—with some companies committing to 90% from the start.

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