India’s Exemplary Green Enterprise

India is moving ahead on green entrepreneurship. Two of the country’s biggest industrial houses — Reliance and Adani — are now focusing on the newest segment of the green energy sector: hydrogen. Adani’s plan to invest $20 billion in clean energy and the ambition to make it the biggest clean energy company in the world is good news for India. These new ventures do not depend on subsidy, unlike much of the green initiatives of industrial countries.

Ambani and Adani are big players and can help put India firmly ahead. India’s private sector has been extremely proactive on clean energy — from relative newcomers such as ReNew Power, with its round-the-clock renewable energy and storage project, to the largest conglomerates such as the Tatas.

The reality of the energy transition together with the commercial viability of the renewable sector has led public sector enterprises like NTPC to forge ahead in renewable energy and now green hydrogen; coal mining major Coal India too is moving into renewables. Ambani’s

is a major player in the hydrocarbon, or fossil fuel, segment. That this same company is committing to make green hydrogen available at $1 per kg by 2030 is a clear signal that India can forge ahead with its transition.

More importantly, it can be a critical global anchor for the decarbonisation of industry and transport (particularly long haul) with green hydrogen. Plans like Ambani’s investment in a gigawatt electrolyser manufacturing unit and NTPC partnering with will give it the edge. India’s energy market will define global demand for the next few decades. Unlike elsewhere where the clean energy is bitterly divisive, India can hope to beat a consensual green path to its huge new requirements.

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