The EU has courted India as a potential hydrogen exporter
EIB backs Indian green hydrogen
The EU’s lending arm plans to increase support for hubs and projects across India with indicative funding of €1bn
The EU’s European Investment Bank (EIB) plans to increase support for green hydrogen hubs and projects across India, indicating funding of €1bn ($1.08bn) pending approval. The bank is exploring a credit facility with the Indian government to provide public sector investment toward the hydrogen sector’s development. India last month unveiled a national green hydrogen strategy focused on decarbonising its 5mn t/yr of grey hydrogen consumption by 2030 and potentially cornering 10pc of a globally traded market by that decade. The country has also been courted by the EU as a potential hydrogen export partner—although the government’s renewables minister has stressed the majority of India’s hydrog
Also in this section
25 March 2026
The Middle East energy shock has highlighted the value of France’s unique potential to deploy nuclear-powered electrolysers
18 March 2026
The second fossil-fuel price shock in four years can be a much-needed catalyst for investment in the sector
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
