NEW DELHI (Reuters) -India’s green hydrogen ambitions are faltering due to slow project commissioning, driven by inadequate infrastructure and unclear demand signals, a U.S.-based energy think tank said in a note on Friday.

Despite strong investor interest, 94% of the country’s planned green hydrogen capacity remains at the announcement stage, the Institute for Energy Economics and Financial Analysis said in the note, citing higher costs as one of the main deterrents for buyers.

The government launched the National Green Hydrogen Mission in 2023 with a 197 billion rupee ($2.2 billion) budget, targeting 5 million metric tonnes per annum (MMTPA) of production by 2030.

However, a top clean energy department official said earlier this week that India is likely to achieve that target only by

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