President Obama Highlights USTDA's Commitment to Renewable Energy in India
January 26, 2015
(USTDA)
NEW DELHI, INDIA – During his remarks at the U.S.-India Business Council Summit,
President Obama announced “a series of U.S. initiatives that will generate more
than $4 billion in trade and investment with India and support thousands of jobs
in both of our countries.” These initiatives include the U.S. Trade and
Development Agency’s efforts to catalyze nearly $2 billion in capital for
priority renewable energy projects in India.
As part of those efforts, USTDA Director Leocadia I. Zak signed a grant
agreement with IL&FS Energy Development Company to partner on the
development of innovative Wind Integrated Solar Photovoltaic Energy Storage
(WISES) projects. IL&FS Energy, one of the largest wind independent power
producers in India, is evaluating the development of integrated wind and solar
photovoltaic (PV) projects with energy storage, to enable the supply of
dispatchable utility-scale renewable energy to meet the Indian grid system’s
needs. As India continues to place greater emphasis on renewable energy
utilization from the climate change and energy security perspectives, this
timely project will demonstrate how its grid can absorb large penetration of
variable wind and solar PV generation.
President Obama also announced that “on this visit, we’ve paved the way to
mobilize American expertise and investment” in three of the smart cities that
India is planning to develop. Indeed, Director Zak signed agreements with three
Indian state governments to mobilize U.S. industry expertise and technologies to
modernize the cities of Ajmer (Rajasthan), Allahabad (Uttar Pradesh) and
Vishakhapatnam (Andhra Pradesh). Under these Memoranda of Understanding, USTDA
plans to sponsor activities such as feasibility studies, pilot projects and
reverse trade missions that will help each state develop its smart cities.
For example, the Agency intends to invite state and central government officials
to the United States for a Smart Solutions for Smart Cities reverse trade
mission in 2015. The visit will introduce the delegates to U.S. technologies,
solutions and best practices that can support the development of safe, efficient
and integrated energy, transportation and communications infrastructure.
USTDA has long been committed to helping deploy smart energy solutions in cities
across India. In fact, the Agency’s investments are currently promoting
lower-carbon growth in four of India’s seven largest cities by introducing
“smart grid” technologies and solutions that can improve the quality and supply
of power for millions of Indian customers. As part of these efforts—and in
connection with India’s Smart Grid Week—USTDA will host a Smart Grid Workshop in
Bangalore, India on March 2, 2015. Building upon a prior workshop in the United
States last December, the event will bring together U.S. and Indian companies,
utilities and regulators to discuss innovative solutions to India’s energy
challenges.
USTDA’s grant to IL&FS Energy will provide technical assistance to assess
the technical, financial and commercial viability of renewable energy storage
technologies for the WISES projects. The opportunity to conduct the
USTDA-funded technical assistance will be competed through Federal Business
Opportunities (FBO). A link to the FBO announcement will be posted to USTDA’s
website at www.ustda.gov.
Interested U.S. firms should submit proposals according to the instructions in
the FBO announcement.
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