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US, India to set up panel to discuss financing for renewable energy

According to reports, the recently concluded meeting of the US-India Energy Dialogue has decided to constitute a group to discuss financing options for encouraging electricity generation from renewable sources.

The US-India Energy Dialogue was formed in May 2005 to promote trade and investment in the energy sector. Under the auspices of the Dialogue, four working groups (on oil and gas, coal, power and energy efficiency, new technologies and renewable energy) met in Washington DC this week. The Indian delegation was headed by B.K. Chaturvedi, Member, Planning commission.

Among the issues discussed were assessment of solar and wind resources, integration of renewable energy grids and testing of solar modules.

“The Dialogue stressed the need for both countries to actively enhance generation of energy from renewable and low carbon resources, and, in this context, the possibilities of large scale cooperation in integration of renewables with the grid, storage technologies, and RE technologies was discussed,” says a press release from the Indian Embassy in Washington DC.

As part of the Dialogue, a government-industry roundtable was also organised by the United States-India Business Council, with the support of Indian industry bodies—CII and FICCI. The roundtable discussed investment opportunities in renewable energy, conventional power generation and distribution, and oil and gas exploration.

A Government-Industry roundtable was organised by USIBC and Department of Energy, with support from CII and FICCI, on September 27, 2012. The roundtable discussed investment opportunities in the energy sector in India, with emphasis on renewable energy, conventional power generation and distribution and oil and gas exploration; investment policy frameworks of both countries; and efforts being made by US and Indian companies to increase investments, contribute to economic growth and progress and help in creation of employment opportunities.

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