U.S.-India Business Council Promotes Renewable Energy Collaboration in New Delhi
Key Ideas
- The U.S.-India Business Council met with Union Minister Pralhad Joshi to enhance the resilience of India's renewable energy technology supply chain.
- Key discussions included strengthening supply chain for solar, wind, and critical technologies while emphasizing the importance of advancing the hydrogen ecosystem.
- U.S. Ambassador Eric Garcetti announced a significant investment to support India's renewable energy and infrastructure goals, highlighting bilateral collaboration in various sectors.
Representatives from the U.S.-India Business Council held discussions with Union Minister Pralhad Joshi in New Delhi to bolster the resilience of India's renewable energy technology supply chain. The meeting focused on enhancing supply chain resilience for crucial technologies like solar and wind to ensure India's energy security and transition. The council emphasized the significance of advancing the hydrogen ecosystem within the U.S.-India corridor. In a recent announcement, U.S. Ambassador Eric Garcetti pledged a substantial USD 3.8 billion investment from the International Development Finance Corporation to support India's renewable energy and infrastructure objectives. Garcetti has also expressed U.S. support for India's agricultural, healthcare, and financial services sectors during a previous address in Mumbai. The collaboration between the two nations extends to the renewable energy sector, as seen through the launch of the US-India Renewable Energy Technology Action Platform (RETAP) under the Strategic Clean Energy Partnership. Discussions encompassed various areas including green hydrogen, long-duration energy storage, and other emerging technologies, highlighting the mutual commitment to sustainable energy solutions. Both countries are actively engaged in promoting renewable energy and fostering technological advancements to achieve common goals.