USIBC delegation explores avenues for joint collaboration and investment in clean technology

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The U.S.-India Business Council (USIBC) led a mission on exploring opportunities for cooperation and expanding bilateral trade in the areas of clean technology, clean energy and infrastructure across New Delhi, Ahmedabad and Hyderabad.The Government of India has augmented its solar target fivefold to 100 GW and wind target to 60 GW by 2022, representing a 125 billion dollars investment opportunity.The delegation included USIBC members working in the US-India energy corridor, presenting a board range of opportunity in the renewable energy space such as GE, AES, 8minutenergy, First Solar, Applied Materials, CH2M among others.The objective of the meetings was to create sustained engagement on national andstate-level policies and regulatory frameworks, such as the National Solar Mission and state solar policies, and thereby, ensure a level playing field for all participants. There has been considerable progress in transmission, but the problem of congestion remains, both at the interstate and intra-state levels.Through its meetings with senior Government of India officials, the delegation explored avenues for joint collaboration and technical exchanges in areas such as energy storage and transmission infrastructure, wind and solar power generation, energy efficiency technology and services, while also articulating how investors can work in stride with both state and central governments to meet the country’s ambitious clean energy targets of installing 175 GW by 2022.

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