Greenko, ACME, Reliance Among Winners of SECI’s Green Hydrogen Manufacturing Auction

The lowest average incentive amount discovered was ₹18.9/kg


Reliance Green Hydrogen and Green Chemicals (Reliance), ACME Cleantech Solutions, Greenko ZeroC (Greenko), HHP Two (Hygenco), and Bharat Petroleum Corporation were among the winners of Solar Energy Corporation of India’s (SECI) tender to set up 450,000 metric tons (MT)/annum production facilities for green hydrogen, according to Mercom sources.

The tender floated in July invited proposals under the Technology Agnostic Pathways bucket (Bucket I) and Biomass-based Pathways bucket (Bucket II).

The total capacity under Bucket-I is 410,000 MT/annum of green hydrogen, and the total capacity under Bucket-II is 40,000 MT/annum.

Under Bucket I, Reliance, Greenko, and ACME won 90,000 MT of capacity at an average incentive of ₹18.9 (~$0.227)/kg, ₹30 (~$0.360)/kg, and ₹30 (~$0.360)/kg, respectively.

Hygenco won 75,000 MT capacity for an average incentive amount of ₹25.04 (~$0.301)/kg.

Other winners included Welspun New Energy (Welspun), who won 20,000 MT capacity at an average incentive of ₹20 (~$0.240)/kg; Torrent Power won 18,000 MT for ₹28.89 (~$0.347)/kg; Calcutta Electric Supply Corporation (CESC) Projects won 10,500 MT, and UPL (formerly United Phosphorus Limited) won 10,000 MT capacity at a zero average incentive amount.

JSW Neo Energy (JSW Energy) won 6,500 MT capacity out of the 10,000 MT quoted capacity at ₹34.66 (~$0.416)/kg average incentive per kg under the bucket filling method.

All the capacity was allotted under Bucket I.

SECI Green Hydrogen Bucket I ResultsBharat Petroleum Corporation won 2,000 MT green hydrogen manufacturing capacity under Bucket II at an average incentive price of ₹30 (~$0.360)/kg. The company was the only one to win a capacity under this bucket; the remaining 38,000 MT capacity remained unallocated.

SECI Green Hydrogen Bucket II Results

The tenders for green hydrogen and electrolyzer manufacturing were issued in July this year under the Ministry of New and Renewable Energy’s (MNRE) Tranche-I of the Strategic Interventions for Green Hydrogen Transition (SIGHT) program.

Under the Green Hydrogen tender, the selected bidder is expected to set up production facilities in thousand metric tons (TMT) scale for green hydrogen production and its derivates.

The projects must be commissioned within 30 months of receiving the letter of award.

The average incentive discovered was based on the three-year incentive demanded by the companies in their proposals.

According to the source Mercom spoke to, the electrolyzer bids are still undergoing evaluation and are expected to be revealed later this month.

Mercom had previously reported on the overwhelming response the tenders had received in December 2023, following the opening of the technical bids.