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Uttar Pradesh attracts Rs 1.15 trillioninvestment in green hydrogen sector

Chemicals  -  Sep 20,2024  - 

Uttar Pradesh has attracted private investment proposals nearing Rs 1.15 trillion in the green hydrogen sector, significantly advancing the state’s clean energy agenda. These proposals, from 17 companies, are projected to create around 20,000 jobs. Notably, UK-based Trafalgar Square Capital plans to establish a green hydrogen production facility with a capacity of 10,000 tonnes per year near Lucknow.

 

Textile leader Welspun Group aims to invest Rs 40,000 crore in a green hydrogen or ammonia plant in Bulandshahr. Meanwhile, Hygenco Green Energies has proposed a green hydrogen facility in Prayagraj, with an investment of Rs 16,000 crore and a production capacity of 0.2 million tonnes.

 

The Yogi Adityanath government has set an ambitious goal of producing 1 million tonnes of green hydrogen or green ammonia annually by 2029. Anupam Shukla, director of the UP New & Renewable Energy Development Agency, emphasized that in the face of climate change, green hydrogen has become a promising solution for sustainable energy. This hydrogen and ammonia are produced through the electrolysis of water, utilizing renewable energy sources.

Company : Trafalgar Square Capital

Welspun Group

Hygenco Green Energies