EIB joins India Hydrogen Alliance with €1bn of funding for green hydrogen projects

The European Investment Bank (EIB) has joined the India Hydrogen Alliance (IH2A) to bring industry, investors, and government agencies together on green hydrogen hubs and projects, with €1bn ($1.07bn) of indicative funding.

Subject to Indian Government and EIB approvals, the €1bn funding is set to be used to support large-scale green hydrogen hubs and projects across India.

Under a Memorandum of Understanding (MoU), the EIB is exploring a credit facility with the Indian Government to provide investments to critical public sectors supporting the development of the green hydrogen industry.

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