New Delhi: India has recorded a 44.4 percent drop in the price of Green Ammonia in the first-ever auction conducted by the Solar Energy Corporation of India (SECI) under the National Green Hydrogen Mission, the Ministry of New and Renewable Energy (MNRE) said on Wednesday. The auction discovered a price of Rs 55.75 per kg, compared with the Rs 100.28 per kg benchmark from Germany’s H2Global auction in 2024. This equates to USD 641 per metric tonne, down from USD 1,153 per metric tonne earlier.
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“This price discovery marks a watershed moment in India's Green Hydrogen journey and reinforces the country’s vision of becoming a global hub for Green Hydrogen production,” the ministry said in an official statement.
The auction, held under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme Mode-2A, covers the annual supply of 75,000 metric tonnes of Green Ammonia to Paradeep Phosphates Limited in Odisha. It is the first in a series of 13 auctions planned over the coming month, under a tender that aims to procure a cumulative 7.24 lakh metric tonnes per year of Green Ammonia.
SECI acted as the intermediary procurer in the auction under the guidance of MNRE, with support from the Department of Fertilizers and the participating offtakers.
The winning bid is locked in for 10 years, offering long-term price visibility and encouraging offtakers to initiate clean energy transitions. The ministry noted that with Grey Ammonia priced at USD 515/MT as of March 2025, the fixed-price bid provides strong economic rationale for adopting Green Ammonia.
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The auction saw strong participation, which MNRE said “reflects the strong investor and developer confidence in India’s green energy transition framework.”
“With robust payment security mechanisms in place, the scheme unlocks confidence across the value chain and enables large-scale adoption of Green Ammonia and other derivatives,” said the MNRE.