Saturday, May 28, 2022

Cabinet approves MoU with France on renewable energy cooperation

By PTI

Published: Published Date - 05:10 PM, Wed - 3 March 21

Representational Image The objective of the MoU is to establish the basis for promotion of bilateral cooperation in the field of new and renewable energy on the basis of mutual benefit, equality and reciprocity.

New Delhi: The Union Cabinet on Wednesday gave ex post facto approval to the signing of a Memorandum of Understanding (MoU) between India and France on renewable energy cooperation.

“The Union Cabinet, chaired by Prime Minister Narendra Modi was apprised of the signing of Memorandum of Understanding (MoU) between India and French Republic in the field of renewable energy cooperation. The MoU was signed in January 2021,” a statement said.

The objective of the MoU is to establish the basis for promotion of bilateral cooperation in the field of new and renewable energy on the basis of mutual benefit, equality and reciprocity. It covers technologies relating to solar, wind, hydrogen and biomass energy.

The MoU entails exchange and training of scientific and technical personnel; exchange of scientific and technological information and data; organisation of workshops and seminars; transfer of equipment, know-how and technology; development of joint research and technological projects.

This MoU will help in the development of technological know-how in the field of Renewable Energy and thereby aid the process of attaining the ambitious target of 450 GW of installed Renewable Energy capacity by 2030.