After eyeing India’s nuclear sector, the US is focusing on India’s clean energy. The government to government agreement to promote clean energy in India would soon be signed.
Travis J Sullivan, US director of policy and strategic planning told Business Standard: “ The proposed agreement will be US government’s second agreement of similar nature after China. The agreement envisages financial investment, technology transfer and sharing. Besides, US companies in association with the Indian companies can work together to carry out feasibility and technological studies to boost clean energy which includes wind, solar, bio mass and bio gas.”
Sullivan said that India has tremendous potential to harness the clean energy potential. “US is aware of the several recent initiatives taken by India to promote clean energy,” he added.
US Government’s initiative comes at a time when India has proposed to increase its nuclear capacity to 63,000 MW by 2032 from the present level of 4,560 MW. Besides, under the National Solar Mission, the country has planned solar capacity addition of 20,000 MW by 2022.
Under the proposed government to government agreement, the United States and India would establish a center for joint cooperation on developing clean energy, including solar power and biofuels. Apart from funds from both the governments, private sector would also chip in money for the proposed centre. The United States is also expected to announce help for India to map out shale reserves, the deep-underground gas source that has triggered a boom in North America.