EIB keen to extend 1 bn euro for green hydrogen, RE projects in India

• The European Investment Bank (EIB) has announced its support for India’s National Green Hydrogen Mission by offering a loan facility of up to €1 billion. The loan aims to assist India in developing its nascent green hydrogen ecosystem and renewable energy projects. EIB Vice-President Kris Peeters will confirm the lender’s interest in providing the loan during his visit to India this week to attend G20 events.
• India’s National Green Hydrogen Mission seeks to enhance the production and ecosystem of green hydrogen. The government aims to establish capabilities for producing at least 5 million tonnes of green hydrogen per year by 2030. The EIB’s loan support will contribute to the mission’s objectives and bolster India’s efforts in advancing the use of green hydrogen.

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Published date : 15 Jul 2023 05:04PM