India Enters into bilateral agreements with Morocco and Guyana for renewable energy development

India has signed Memoranda of Understanding (MoUs) with Morocco and Guyana, each for promoting the expansion of renewable energy in the respective countries. The bilateral agreements are aimed at strengthening India’s leadership role in climate action and solar energy through the International Solar Alliance (ISA).

Under the MoU with Morocco, the India’s Ministry of New and Renewable Energy and Morocco’s Ministry of Energy, Mines and Sustainable Development, new and renewable energy has been identified as a common area of interest and the two countries will establish a cooperative institutional relationship for the development of renewable energy technologies and work towards their capacity building.

Under the MoU with Guyana, both the countries have consented to identify areas of mutual interest in the sector and promote bilateral technical cooperation in the areas of new and renewable energy.

All countries have committed creation of a joint working committee to review, monitor, and discuss matters relating to the above mentioned areas of cooperation. The Indian government has been consistently working with other countries for the development and deployment of solar energy by facilitating technology deployment, finances, research, and capacity building. Recently, India also entered into bilateral agreements with Fiji and Greece for promoting renewable energy generation and reducing carbon footprints. Such bilateral agreements are expected to increase inflow of cash and technology for the development of the renewable energy sector in India.

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