India’s renewable hydrogen projects face cost, delay risks from global conflicts

India has established a strong foothold in the emerging clean fuels industry, leveraging its low-cost renewable energy resources to position itself as a competitively priced producer of renewable hydrogen and ammonia for both domestic industrial use and large-scale exports to buyers seeking to secure future supplies of low-carbon fuels. However, recent geopolitical tensions, particularly in the Middle East, have disrupted supply chains and pushed up costs, posing risks to project timelines and cost estimates. Despite these near-term challenges, India's long-term outlook remains robust, supported by the global shift from conventional fuels, an emphasis on energy security, and net-zero targets across major economies, which are expected to drive future trade in renewable fuels.

Ruchira Singh, editor, energy transition at S&P Global Energy, joins Nishaanth Balashanmugam, CEO and director of GH2 India--a trade body focused on accelerating renewable hydrogen in the country--and Vipul Garg, senior hydrogen price reporter at S&P Global Energy, to discuss the factors shaping the sector, including the evolving business environment, regulatory landscape, and emerging markets for renewable hydrogen.

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