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India-UK agree on Forward Action Plans on Power and Clean Transport, Renewables, Green Finance

The 3rd India – UK Energy for Growth Partnership – Ministerial Energy Dialogue was co-chaired by Union Minister for Power and New &Renewable Energy, RK Singh from the Indian side and the Rt Hon KwasiKwarteng MP, Secretary of State for Business, Energy & Industrial Strategy (BEIS) from the UK side. The dialogue was held last evening virtually.

Energy Transition was a major area of discussion in the dialogue and the Energy Ministers spoke in detail on the ongoing Energy Transition activities in their respective countries with focus on renewables, including solar, offshore wind, storage, EVs, alternative fuels, etc

The UK side presented a detailed summary of the significant ongoing work and thepast work done in the last two years under the umbrella of bilateral cooperation which was appreciated and endorsed by both the sides.

The dignitaries welcomed the Roadmap 2030 for India-UK future relations launched by both the Prime Ministers during India-UK Virtual Summit on 4th May 2021 and identified various future areas of collaboration in line with the Roadmap 2030.

The sides deliberated and agreed on a Forward Action Plan on Power and Clean Transport, Renewables, Green Finance and Clean Energy Researchas part of the roadmap 2030, covering a range of topics including smart grids, energy storage, green hydrogen, charging infrastructure, battery storage and need of mobilizing investments in renewable energy along with other proposals under multilateral collaboration.

The dialogue concluded with both sides underlining the importance of international cooperation insecuring affordable and sustainable energy for the worldwhile setting in motion, concrete action plans for driving the clean energy transition in Power Sector.Union Minister for Power and NRE specifically detailed ambitious targets in areas such as green hydrogen, storage, offshore wind and electricity market. He further hoped that the One Sun One World One Grid (OSOWOG) initiative launched by Hon’ble Prime Minister could act as a promising alternative to support the RE integration in the grid.

Dainik Samvaad Correspondent
Dainik Samvaad Correspondenthttps://dainiksamvaad.com/
Dainik Samvaad is a news organisation where we believe age-old ethics of journalism will never be too old.
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