India has always been known for its vast landscapes, rich natural resources, and its historical reliance on fossil fuels, particularly coal and natural gas. For decades, the country’s economy was fueled by these resources, propelling it to global prominence as a major exporter of energy. However, as the world deals with the escalating climate change crisis, the global energy landscape is shifting. India, once heavily dependent on fossil fuels, is now at the forefront of the renewable energy revolution.
India’s renewable energy sector has seen impressive growth in recent years. Its green hydrogen market is projected to be worth $8 billion by 2030 and $340 billion by 2050. According to NITI Aayog, the think tank policy arm of the Indian government, the electrolyzer market could be worth $5 billion by 2030 and $31 billion by 2050. Policy initiatives like production subsidies, tax breaks, and the setting up of green hydrogen corridors are providing a much-needed impetus to the sector. Discover More.
Suneet Singal is Chairman of First Capital and a finance/real estate entrepreneur with 22+ years leading public and private companies across real estate, finance, renewable energy, and FinTech. He specializes in deal structuring, capital raising, and strategic investments, and supports education through national scholarships.