Granholm to closely monitor India’s 450 GW renewable energy target
A fifth Pillar on Emerging Fuels signals joint resolve to promote cleaner energy fuels under the revamped U.S.-India Strategic Clean Energy Partnership (SCEP) which was launched by the Minister of Petroleum and Natural Gas Hardeep Singh Puri and the U.S. Secretary of Energy Jennifer Granholm on 9 Sept 2021 during a virtual meeting.
Lauding India’s renewable energy target of 450 GW by 2030, Granholm has offered to closely collaborate in realization of the target.
A new India-US Task Force on Biofuels was also announced to build on the scope of work on cooperation in biofuels sector.
Both sides will strengthen the electric grid in India to support large-scale integration of renewables, including through smart grids, energy storage, flexible resources, distributed energy resources and ensure reliable and resilient grid operations, as well as promote energy efficiency and conservation measures.
The two sides also announced rechristening of Gas Task Force to India-US Low Emissions Gas Task Force, which would continue to forge collaboration between the U.S. and Indian companies on innovative projects to support India’s vision of gas-based economy. The two sides also agreed to continue to develop better understandings on methane abetment under this Task Force.
Both sides have initiated institutionalization of India Energy Modeling Forum with the constitution of Six Task Forces for carrying out research and modeling in different areas. Joint Committees have been set up to deliberate on Energy Data Management, Low Carbon Technologies and Just Transition in Coal Sector.
Building on the success of the first phase, the two sides agreed to expand the scope of the work to include smart grid and grid storage as part of the second phase of the Partnership to Advance Clean Energy (PACE)-R initiative anchored on the Indian side by the Department of Science & Technology.
The meeting also reviewed the progress on the India-US Civil Nuclear Energy cooperation.
The revamped SCEP is launched in accordance with the U.S.-India Climate and Clean Energy Agenda 2030 Partnership announced by Prime Minister Narendra Modi and President Joe Biden at the Leaders Summit on Climate held in April this year.
The SCEP organizes inter-governmental engagement across five pillars of cooperation. In addition to Emerging Fuels, the other four Pillars are Power and Energy Efficiency, Responsible Oil and Gas, Renewable Energy and Sustainable Growth.
Minister Puri and Secretary Granholm reviewed the SCEP progress, major accomplishments and prioritized new areas for cooperation under the various pillars.
Puri emphasized that the revamped clean energy partnership will intensify the efforts from both sides to take advantage of the complementarities that exist between US and India – advanced US technologies and rapidly growing India’s energy market, for a win-win situation through a cleaner energy route with low carbon pathways.
There would considerable emphasis on upscaling cooperation under the renewable energy pillar by working on several projects and system-friendly practices in India’s renewable energy sector. #energy #OPEC #investment #projects #tenders #infrastructure /fiinews.com
