Wednesday, 10 May 2023 12:57

Green hydrogen: Land policy framed in Gujarat

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The Gujarat government has announced a policy to allocate government wasteland to companies intending to produce green hydrogen using renewable energy (RE). The company must pay an annual rent of Rs 15,000 per hectare, increasing by 15% every three years, complete the lease agreement process within six months of approval, reach 50% of its green hydrogen capacity within five years of plant commissioning, and within eight years Reach 100%. The developer, the expropriated land and GPCL have filed the tripartite agreement for the record, and the qualifications for enterprises to apply for land have been listed. India aims to become a net-zero emission country by 2070 and reduce carbon emissions by 45% by 2030 by sourcing 50% of its energy from renewable sources.

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