Maharashtra signs MoUs worth over Rs 2,763 billion for green hydrogen projects

February 1, 2024

Maharashtra has entered into memorandum of understanding (MoU) worth over Rs 2,763 billion with seven companies for green hydrogen projects. The green hydrogen initiatives aim to produce 910 kilo tonnes per annum of clean energy. In addition, it will result in an annual decrease of 5.11 billion kgs in carbon emissions. NTPC Green Energy Limited has committed to investing Rs 800 billion. While ReNew eFuels is allocating Rs 664 billion, Avaada Green Hydrogen and Bafna Solar & Infra will invest Rs 500 billion. Additional companies participating in green hydrogen investments in the state include JSW Energy with Rs 150 billion investment, Welspun Godavari GH2 with Rs 299 billion, INOX Air Products with Rs 250 billion, and L&T Green Energy with Rs 100 billion.