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India and U.S. Sign Agreement on Renewable Energy

A Memorandum of Understanding (MoU) between India and the U.S. was signed in New Delhi on June 2 to enhance cooperation in energy security, clean energy, and climate change.

It will most likely forge a US$ 1 billion partnership for the Indian renewable energy sector, boosting global investor interest. 

Prime Minister Narendra Modi reiterated this need for U.S. support in his address to Congress on June 8. A partnership with the U.S. could be key to India’s efforts in successfully tackling climate change, building sustainable urban infrastructure, and eliminating the country’s power shortages.

Wartsila India to expand in Indian solar sector

Wartsila India, in an effort to increase its presence in the India’s power sector, has firmed up plan to take up LNG terminal and ship building projects, develop mid size LNG based power plants as EPC contractor.

The company also proposes to be part of India’s ambitious plan to add 100,000 Mw of solar power capacity. It plans to supply high quality equipment to developers of solar power projects in the country.

 

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