New Delhi, June 11 -- The cost of green hydrogen in India, the country that is aiming big in the renewable energy space, is expected to fall by up to 40 per cent with the support and incentives the government is providing, according to a report by the Institute for Energy Economics and Financial Analysis.

The levelised cost of green hydrogen in India is seen falling towards Rs 260-310 per kg (USD 3-3.75 per kg).

India provides cheap renewable electricity to hydrogen manufacturers, waives Inter-State Transmission Charges for open access, lowers distribution and transmission charges, and lowers the GST rate for hydrogen to 5 per cent.

Besides, the report asserts electrolyser manufacturers are projected to achieve a 7-10 per cent reductio...