ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Asia

US Agency for International Development, ISA sign MoU to advance grid interconnection

This partnership aims to expand the use of renewable energy, strengthen energy interconnections across regions, and support the development of a unified grid to facilitate the large-scale transfer of clean power, the statement added.

ANI Dec 06, 2024 21:32 IST googleads

Representative Image (Image/Reuters)

New Delhi [India], December 6 (ANI): As the United States and India work together to address the climate crisis and advance renewable energy technologies, the United States Agency for International Development (USAID) and the International Solar Alliance (ISA) have signed a Memorandum of Understanding (MoU) to promote more responsive and sustainable energy systems, an official statement said.
This partnership aims to expand the use of renewable energy, strengthen energy interconnections across regions, and support the development of a unified grid to facilitate the large-scale transfer of clean power, the statement added.
Under the MoU, USAID will work with ISA to establish and expand clean energy transmission networks. These efforts will focus on regions such as South Asia, the Persian Gulf, Southeast Asia, and Africa, promoting energy security, sustainability, and greater access to renewable energy across borders, as per the statement.
This collaboration aligns with the ISA's One Sun, One World, One Grid (OSOWOG) initiative, a flagship effort to drive cross-border energy trade and ensure reliable, affordable access to renewable energy. Co-founded by India and France in 2015 and headquartered in Gurugram, India, the ISA serves as a global platform to advance solar energy adoption, mobilize investments, and develop innovative solutions to combat climate change. USAID will bring its technical expertise, innovative financing tools, and decades of experience in fostering sustainable energy solutions to support ISA's mission and the successful implementation of OSOWOG.
As per the statement, USAID Mission Director Steven Olive noted, "The US Government is committed to advancing global clean energy transitions as part of our efforts to address the climate crisis. Promoting sustainable power systems that incorporate renewable energy sources is essential for building energy security and driving economic growth. This Memorandum of Understanding with the International Solar Alliance is an important step in achieving these goals by strengthening energy systems both regionally and globally."
Director General of the ISA Ajay Mathur added, "ISA and USAID's Memorandum of Understanding (MoU) signed today shall jointly endeavour to accelerate trans-regional electricity grid interconnections, enhance regional power system planning and cross-border clean energy trade, create regional clean energy markets/power pools, and mobilize investment and financial models for trans-regional cross-border electricity grid connections and super grids."
The MoU reaffirms a key commitment outlined in the US-India Joint Statement issued in September 2024, which identified clean energy collaboration as a cornerstone of the bilateral relationship. By advancing regional and transcontinental energy integration, the agreement supports shared efforts to combat climate change, accelerate renewable energy adoption, and build resilient energy systems that drive sustainable development. (ANI)

Get the App

What to Read Next

US

Trump describes Michigan synagogue attack as "terrible"

Trump describes Michigan synagogue attack as

Speaking at a Women's History Month event at the White House, the US president said he had been fully briefed on the situation and described the incident as "terrible."

Read More
Asia

"India harnessed digital tools to expand...": MEA Secy (West)

George highlighted how digital tools and AI empower 1.4 billion Indians.

Read More
Asia

India consistently supported Maldives in crisis: Mohamed Nasheed

India consistently supported Maldives in crisis: Mohamed Nasheed

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

Read More
Asia

MoCA closely monitoring air travel situation in West Asia

MoCA closely monitoring air travel situation in West Asia

The Ministry of Civil Aviation is closely monitoring the evolving situation in the West Asia region and its impact on air travel between India and countries in the region. Airlines are undertaking necessary operational adjustments in view of the prevailing conditions to ensure passenger safety and the orderly conduct of flight operations.

Read More
Pacific

MoS Kirti Vardhan Singh attends Chile President's inauguration

MoS Kirti Vardhan Singh attends Chile President's inauguration

Minister of State for External Affairs and Environment, Forest & Climate Change, Kirti Vardhan Singh, visited Chile from March 10-12 and represented the Government of India at the inauguration ceremony of the new President of Chile, HE Jose Antonio Kast Rist.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.