India’s Ministry of Power and the Danish Ministry of Climate, Energy & Utilities have signed a Memorandum of Understanding (MoU) to cooperate on green energy transition in India.
The MoU will be the foundation for the new 5-year Indo-Danish cooperation called the India-Denmark Energy Partnership. The partnership aims at supporting the ambitious Indian target of 175 GW by 2022 and long-term target of 450 GW renewable energy capacityannounced by Prime Minister Narendra Modi at the UN Climate Summit in September 2019.
Key focus areas under the MoU are knowledge exchange on energy planning and scenario modelling, integration of high share of renewable energy, power system flexibility and electricity markets.
“Green energy transition can help kick-starting economies after the Covid-19 pandemic. The choices we take now to restart our economies will determine our ability to create new and permanent jobs and mitigate the impacts of pollution. The Indo-Danish cooperation can help green energy transition to deliver jobs and economic growth while also ensuring that our energy systems are modernised, more resilient and less polluting,” said Ambassador of Denmark to India, Freddy Svane.
The Indo-Danish cooperation on the integration of large amounts of renewable energy acknowledges that an affordable and reliable supply of renewable electricity is instrumental to economic growth and energy security.
The Indo-Danish energy cooperation started in 2018 with a Strategic Sector Cooperation with the Ministry of New and Renewable Energy (MNRE) focused on offshore wind. The new 5-year India-Denmark Energy Partnership expands the cooperation to include both MNRE and Ministry of Power.
“The India-Denmark Energy Partnership will help to accelerate green energy transition through a strong government-to-government cooperation between India and Denmark. Our energy cooperation and knowledge exchange will contribute to powering the Indian transition towards a higher share of renewable energy and meeting the energy demand of the future,” said Deputy Director General Martin Hansen of the Danish Energy Agency.