SPDA at ICGH 2025 Calls for Innovative Financing and Policy Action to Close Green Hydrogen Cost Gap
SPDA led two high-level engagements at ICGH 2025—a panel discussion on “Financing Green Hydrogen: Bridging the Cost Gap” and the “India-France Roundtable with Industry CEOs on Green Hydrogen Value Chain”. Both sessions focused on charting a roadmap to scale India’s green hydrogen and derivatives industry.
November 15, 2025. By News Bureau
SPDA led two high-level engagements at ICGH 2025—a panel discussion on “Financing Green Hydrogen: Bridging the Cost Gap” and the “India-France Roundtable with Industry CEOs on Green Hydrogen Value Chain”. Both sessions focused on charting a roadmap to scale India’s green hydrogen and derivatives industry.
The financing panel brought together senior scientists, industry leaders, global financiers and lenders to explore cost drivers, advanced financing tools, global best practices, risk-mitigation frameworks, and mechanisms to secure long-term offtake. The discussion was moderated by Dr Ashvini Kumar, former Managing Director, SECI, with a keynote address from Joshit Ranjan Sikidar, Director (Finance), SECI. Speakers included senior representatives from SBI, HDFC Bank, H2Global Foundation, SMBC, ACME, and Ocior Group.
The India-France roundtable centred on strengthening collaboration under the bilateral green hydrogen roadmap endorsed in 2022, covering regulatory frameworks, carbon certification, scientific research and industrial partnerships. Officials and executives from India’s Ministry of External Affairs, the French Embassy, CEA, IFI, EDF, ENGIE, HDF Energy and others participated.
Highlighting the country’s progress since the launch of the National Green Hydrogen Mission, Abhay Bakre, Mission Director, Ministry of New and Renewable Energy, noted that India has quickly emerged as a rapidly growing ecosystem for green hydrogen, supported by advances in technology, skills and standards. “Projects coming up offer immense potential for replacing fossil fuel imports and decarbonising multiple sectors,” he said.
Dr Sadre Alam, Director, NEST Division, Ministry of External Affairs, stressed the need for India to build an export-oriented green hydrogen and derivatives industry while simultaneously expanding domestic demand as industries adopt green fuels more rapidly.
Speaking at ICGH, Vineet Mittal, Chairman, Avaada Group, underscored the urgency of accelerating India’s clean energy transition.
“The future of energy must be clean, secure and equitable. Achieving the vision of Atmanirbhar Bharat and Viksit Bharat will be challenging without transforming the fuel mix,” he said, adding that mandates similar to those used in wind and solar could help expand green hydrogen uptake in hard-to-abate sectors.
SPDA Governing Council Member Ravi Verma highlighted India’s green hydrogen ecosystem and invited French companies to collaborate more closely. He affirmed that the Indian government continues to address industry challenges through policy support aimed at reducing costs, improving efficiency and promoting technology localisation.
Despite strong momentum, high electrolyser and renewable power costs, limited offtake assurance and underdeveloped transport and storage infrastructure remain key barriers to commercial viability. Industry stakeholders agreed that coordinated efforts in financing, policy design, and international cooperation will be essential to unlock large-scale deployment and make green hydrogen competitive.
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