Policy record
SIGHT Component I — Electrolyser Manufacturing Incentive
SIGHT Component I — Electrolyser Manufacturing Incentive policy record on H2Prism, with its status, summary, checked official source, and record date.
The official link is checked before a policy can appear here.
8 sourced values · 0 earlier records
JurisdictionIND
Legal statusin_force
Instrumentproduction_subsidy
Effective2024-01-01
Policy details
SummaryProduction-linked incentive for domestic electrolyser manufacturing, disbursed per kW of capacity manufactured and sold, on a degressive schedule over 5 years. Implemented via competitive auction by SECI; Tranche I (1.5 GW) concluded January 2024, Tranche II ongoing.
Key thresholdsIncentive schedule (INR/kW manufactured): Year 1 INR 4,440; Year 2 INR 3,700; Year 3 INR 2,960; Year 4 INR 2,220; Year 5 INR 1,480. Total 5-year incentive per kW: INR 14,800. Tranche I awarded 1,500 MW/year of domestic electrolyser capacity. Total Component I budget: INR 4,440 crore. Programme period: FY2025-26 to FY2029-30.
Support valueUp to INR 4,440/kW in Year 1, declining to INR 1,480/kW in Year 5; total budget INR 4,440 crore (~USD 535 mn)
Practical implicationDevelopers manufacturing or procuring electrolysers from SIGHT winners benefit from cost pass-through, but the degressive schedule means early-mover electrolyser manufacturers capture 3x the incentive of Year 5 entrants — supply chain timing is financially material.
Official source
| Source | Publisher | Checked |
|---|---|---|
| Open official source ↗ | mnre.gov.in | 2026-08-31T17:47:03Z |