US to play larger role in renewable energy projects in India
Updated: Jan 27, 2015 04:30:00pm
New Delhi, Jan 27 (KNN) President Obama has announced a series of US initiatives that will generate more than USD 4 billion in trade and investment with India and support thousands of jobs in both of the countries. These initiatives include the US Trade and Development Agency’s (USTDA) efforts to catalyze nearly USD 2 billion in capital for priority renewable energy projects in India.
These initiatives were announced during President Obama’s remarks at the US-India Business Council Summit on Monday.
“As part of those efforts, USTDA Director Leocadia I. Zak signed a grant agreement with IL&FS Energy Development Company to partner on the development of innovative Wind Integrated Solar Photovoltaic Energy Storage (WISES) projects,” a USTDA release said.
IL&FS Energy, one of the largest wind independent power producers in India, is evaluating the development of integrated wind and solar photovoltaic (PV) projects with energy storage, to enable the supply of dispatchable utility-scale renewable energy to meet the Indian grid system’s needs, it added.
As India continues to place greater emphasis on renewable energy utilization from the climate change and energy security perspectives, this timely project will demonstrate how its grid can absorb large penetration of variable wind and solar PV generation.
USTDA has long been committed to helping deploy smart energy solutions in cities across India. In fact, the Agency’s investments are currently promoting lower-carbon growth in four of India’s seven largest cities by introducing “smart grid” technologies and solutions that can improve the quality and supply of power for millions of Indian customers.
As part of these efforts—and in connection with India’s Smart Grid Week—USTDA will host a Smart Grid Workshop in Bangalore, India on March 2, 2015. Building upon a prior workshop in the United States last December, the event will bring together US and Indian companies, utilities and regulators to discuss innovative solutions to India’s energy challenges, the USDTA release said.
USTDA’s grant to IL&FS Energy will provide technical assistance to assess the technical, financial and commercial viability of renewable energy storage technologies for the WISES projects. The opportunity to conduct the USTDA-funded technical assistance will be competed through Federal Business Opportunities (FBO), it added. (KNN Bureau)
These initiatives were announced during President Obama’s remarks at the US-India Business Council Summit on Monday.
“As part of those efforts, USTDA Director Leocadia I. Zak signed a grant agreement with IL&FS Energy Development Company to partner on the development of innovative Wind Integrated Solar Photovoltaic Energy Storage (WISES) projects,” a USTDA release said.
IL&FS Energy, one of the largest wind independent power producers in India, is evaluating the development of integrated wind and solar photovoltaic (PV) projects with energy storage, to enable the supply of dispatchable utility-scale renewable energy to meet the Indian grid system’s needs, it added.
As India continues to place greater emphasis on renewable energy utilization from the climate change and energy security perspectives, this timely project will demonstrate how its grid can absorb large penetration of variable wind and solar PV generation.
USTDA has long been committed to helping deploy smart energy solutions in cities across India. In fact, the Agency’s investments are currently promoting lower-carbon growth in four of India’s seven largest cities by introducing “smart grid” technologies and solutions that can improve the quality and supply of power for millions of Indian customers.
As part of these efforts—and in connection with India’s Smart Grid Week—USTDA will host a Smart Grid Workshop in Bangalore, India on March 2, 2015. Building upon a prior workshop in the United States last December, the event will bring together US and Indian companies, utilities and regulators to discuss innovative solutions to India’s energy challenges, the USDTA release said.
USTDA’s grant to IL&FS Energy will provide technical assistance to assess the technical, financial and commercial viability of renewable energy storage technologies for the WISES projects. The opportunity to conduct the USTDA-funded technical assistance will be competed through Federal Business Opportunities (FBO), it added. (KNN Bureau)
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