BY TTT NEWS NETWORK
NEW DELHI, 4 FEBRUARY 2023:
The finance minister of Kerala, Mr. K.N.Balagopal has announced that the God’s Own Country has set an ambitious target of becoming 100 percent dependent on green and renewable energy by 2040 and a net carbon free state by 2050.
The Kerala government taking a giant leap forward in that direction has announced a scheme of Rs.200 crores to set up green hydrogen hubs in the state at Trivandrum and Kochi. Within the next two years the hub will be set up.
The Rs.200 crores have been earmarked for viability gap funding, equity support and grant for the two mega green energy projects in the state.
A new Renewable Energy Park will also be set up to utilise the green power generated from the renewable energy producers.
An additional fund of Rs.10 crores will also be spend to set up an industrial park for manufacturing EV batteries and its accessories, the minister added.
Green Hydrogen , which will be produced as a renewable energy is set to become a game changer in the energy sector in the coming days and will be used as fuels in long haul vehicles, ships and trains.
India Hydrogen alliance ( IH2A) and Kerala government will set up the Kochi Green Hydrogen (KGH2) Hub which will be modelled on the Hydrogen Valley Projects in European Union.
$575 million to be spend to set up the 60 tonnes per day hydrogen production capacity with a 150 MW elterolyser, storage and infrastructure.
Kerala has a potential to produce 8600 MW of green and renewable energy out of which at present about 10 percent are utilised.
The state government has constituted a Kerala Hydrogen Economy Mission on last November.
Due to high rainfall ( monsoon arrives first in India at Kerala), solar insolation, wind potential the state of Kerala has high potential due to geographically favourable conditions. It has also large water bodies which can be tapped for floating solar and offshore power generations.