India will allow companies that manufacture green hydrogen to install renewable energy generating plants without transmission costs, the country's power minister said on Wednesday.
"Green hydrogen manufacturers can set up renewable energy capacity by themselves. We will give them free transmission until 2025 and banking for 30 days," Power Minister R.K. Singh said.
Banking allows renewable energy producers to transmit unused electricity to the grid, which can subsequently be used whenever needed, he said, adding that transmission charges would be waived for companies setting up manufacturing facilities before 2025.
More details on incentives for green hydrogen manufacturing will be made public on Thursday when India releases the first part of its national hydrogen policy, Singh said.