PM Modi to lay stone for green hydrogen hub on Nov 29 in Anakapalle district

Key Points

* PM Narendra Modi will lay the foundation stone for a green hydrogen plant in the Anakapalle district of Andhra Pradesh on November 29. * The 120-acre plant is a joint venture between Greenko group and ACME group, and is expected to produce 6,48,000 metric tonnes of green hydrogen per year. * Green hydrogen is a clean fuel source that can be used in various industries, including power and transportation, and is seen as a key driver in achieving India's climate goals.

Background

Green hydrogen is produced by splitting water using renewable energy sources, such as solar and wind power, and is seen as a promising alternative to fossil fuels. India has set a target of generating 5 million tonnes of green hydrogen per year by 2030 as part of its efforts to achieve net-zero emissions by 2070. The Anakapalle plant is expected to be one of the largest green hydrogen production facilities in the world and is seen as a major step towards achieving India's green hydrogen goals. The plant is expected to generate employment for the local community and boost the economic development of the region.

Significance

The laying of the foundation stone for the green hydrogen plant in Anakapalle is a significant step towards India achieving its green hydrogen goals. The plant is expected to boost the production of green hydrogen in the country, which is seen as essential for decarbonizing key industries such as power, transportation, and manufacturing. The plant is also seen as a major investment in the renewable energy sector, which is crucial for India's long-term energy security and climate goals. The plant will contribute to the development of a green hydrogen economy in India and help reduce the country's dependence on fossil fuels.