Reliance Electrolyzer Manufacturing (Reliance), John Cockerill Green Hydrogen Solutions, Jindal India, and Adani New Industries were among the winners of Solar Energy Corporation of India’s (SECI) tender to set up 1.5 GW of electrolyzer manufacturing capacities across India.

The manufacturing capacities will be set up under the Ministry of New and Renewable Energy’s (MNRE) Tranche-I of the Strategic Interventions for Green Hydrogen Transition (SIGHT) program.

The tender floated in July sought proposals under two buckets

Under Bucket I, Reliance, John Cockerill, and Jindal India won 300 MW per year capacity with a maximum incentive allocation of ₹4.44 billion (~$53.6 million) each.

Other winners included Ohmium Operations, who won 137 MW/annum for a maximum incentive allocation of ₹2.03 billion (~$24.51 million), Advait Infratech (consortium with Rajesh Power Service) won 100 MW with an incentive allocation of ₹1.48 billion (~$17.87 million).

L&T Electrolyzers won 63 MW out of the 300 MW per annum quoted capacity with an incentive allocation of ₹932.4 million (~$11.26 million).

The total bids received for Bucket I were 2,842 MW per annum.

Under Bucket II, Homihydrogen won 101.5 MW/annum capacity with an incentive allocation of ₹1.5 billion (~$18.11 million), and Adani New Industries won 198.5 MW/annum capacity with an incentive allocation of ₹2.94 billion (~$35.49 million).

Adani had quoted for 300 MW/annum capacity.

The total bids received for Bucket II were 486.5 MW/annum.

The selected bidder must set up the manufacturing facilities within 24 months of receiving the letter of award.

The guaranteed life of electrolyzers must be at least 60,000 hours.

According to the tender, the bidders who win less than 300 MW in the first bucket will be considered for the balance capacity under the second bucket.

The maximum incentive allocation under both buckets is for the entire incentive period.

The base incentive for both buckets will start at ₹4,440 (~$53.13)/kW in the first year and progressively reduce to ₹3,700 (~$44.68)/kW in the second year, ₹2,960 (~$35.74)/kW in the third year, ₹2,220 (~$26.81)/kW in the fourth year, and ₹1,480 (~$17.87)/kW in the fifth year.

Mercom recently reported on the winners of the green hydrogen production auction under the SIGHT program.