NEW DELHI: The Union Cabinet on Wednesday gave its nod to a strategic partnership between the Ministry of New and Renewable Energy (MNRE) and the International Renewable Energy Agency (IRENA) for knowledge sharing in green energy. The agreement was signed in January this year.
The agreement will benefit India’s efforts in the transition to cleaner energy. The aim of this strategic partnership is to develop leadership and knowledge in green and renewable energy in India, as per the Central government.
In the recently-concluded G7 Summit, PM Narendra Modi appealed to the member states to support India’s initiatives in green energy.
The agreement will help India achieve its target of 500 GW of installed non-fossil fuel electric capacity by 2030.
It will facilitate knowledge sharing from India on scaling-up renewable energy and clean energy technologies and support India’s efforts in long term energy planning.
The MoU will also promote collaboration between the ministry and the IRENA to strengthen the innovation climate in India and help move towards cost-effective decarbonization through catalyzing the development and deployment of green hydrogen, the government said.