India and Australia have signed a Letter of Intent that commits the countries to working jointly for developing projects in solar and green hydrogen.
The LoI was signed on Feb 15, by the Indian Power Minister, R K Singh and Australia's Minister for Energy and Emissions Reduction, Angus Taylor, according to a government of India press release.
The LoI signing was part of the 4th Indo-Australia Energy Dialogue.
"This LoI will pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up deployment in order to accelerate global emissions reduction. The focus of this LoI will be scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen," says the press release.
It further says:
The Co-chairs of the five Joint Working Groups under the India – Australia Energy Dialogue viz. Power; New & Renewable Energy; Coal & Mines; Critical Minerals; and Oil & Gas, presented the progress till date and the forward action plan under the respective JWGs.
There is an urgent need to focus on advancing technology and clean energy transition. In this context, the agreed forward action plan includes areas like energy efficiency technologies; grid management; R&D collaboration on flue gas desulphurisation, biomass or hydrogen co-firing, water cycle optimisation, renewables integration, batteries and electric mobility.
Apart from the power sector, there are many desirable areas of cooperation agreed under the other JWGs like reducing costs of Green Hydrogen; cooperation in sphere of coal-based energy security and resource deployment; investment opportunities in the minerals sector; exploring potential for an LNG Partnership, among other areas.
No comments:
Post a Comment