Cabinet approves MoU between India, France for cooperation in renewable energy

at 2:24 pm
renewable energy

New Delhi (NVI): The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of MoU between India and France for cooperation in the field of renewable energy.

According to an official statement, the Memorandum of Understanding between the two countries was signed in January 2021.

Under the MoU, the main objective 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 said.

It will also cover technologies relating to solar, wind, hydrogen and biomass energy.

The MoU entails the two countries to exchange and training of scientific & technical personnel and exchange of scientific and technological information and data.

This also includes organization of workshops & seminars, transfer of equipment and development of joint research and technological projects.

Furthermore, 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, the statement added.