Greater India-EU green energy collaboration
India and the European Union have pledged to ramp up cooperation in the fields of clean energy at a meeting of the India-EU Energy Panel on Wednesday. This green energy collaboration will revolve around on offshore wind, green hydrogen and solar power besides deciding to encourage investments in the field of energy efficiency.
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The Ministry of External Affairs (MEA) said that the panel decided on a detailed work programme until 2023 to implement clean energy and climate partnership that was agreed in 2016. Some of the areas identified for green energy collaboration included green hydrogen, grid integration, including smart grids, storage, power market design and sustainable financing for clean energy projects.
MEA added that host an India-EU Hydrogen Forum with a focus on exchanging best practices and policies on the role of hydrogen in energy systems. An India-EU Financing Investment in Clean Energy Platform is also on the cards. It will focus on encouraging investment in the field of energy efficiency and renewable energy, the MEA said. “The EU recently funded an approximately 1 million Euro project, with an aim to further strengthen the engagement of EU, its member states, and its academic, business and financial communities with the International Solar Alliance,” it added.