SME Times News Bureau | 17 Jan, 2021
India has signed a strategic partnership agreement with
International Renewable Energy Agency(IRENA) to further strengthen its
collaboration with the energy body in the field of Renewable Energy.
The
agreement was signed by the Ministry of New and Renewable Energy (MNRE)
Secretary, Indu Shekhar Chaturvedi and IRENA Director-General
Francesco La Camera during the 12th IRENA Assembly.
"India is a
renewable energy powerhouse and a country whose energy transition
actions speak louder than their words," said Francesco La Camera.
"As
a key global actor in the shift to renewables and a founding member of
IRENA, India has played a major role in international energy
cooperation. This partnership represents a new chapter in an already
strong relationship as the country looks to advance its transition and
capitalise on emerging new technologies."
India installed 13
gigawatts (GW) of renewables in 2021 and has grown its capacity by over
53 GW in the last five years, positioning it as one of the fastest
growing renewable energy adopters in the world. With massive renewable
energy potential, India has an aim to become a major producer of green
hydrogen to support the decarbonisation of its industrial economy.
According to IRENA, hydrogen will account for around 12 per cent of total energy supply in a 1.5AoC world by 2050.
