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French company to contribute to India’s renewable energy targets

French company to contribute to India’s renewable energy targets


French companies are looking for partnerships in India to contribute to the country’s renewable energy targets through innovative solutions and technology cooperation. A French delegation, specialising in the renewable energy sector, wrapped up their week-long visit to India and pledged to contribute the country’s energy targets with cutting-edge technologies. The delegation, comprising of leading technology companies and representatives of associations and federations of the French renewable energy sector visited India between September 5 and 9. “The companies are actively looking for partnerships to contribute to the renewable energy targets in India through innovative solutions and technology cooperation.

“They presented their expertise and cutting-edge technologies ranging from solar trackers, water turbines to software for energy information systems,” a French Embassy statement said. The delegation also visited the ‘Renewable Energy India Expo’ in neighbouring Noida. The delegation travelled to Delhi, Bengaluru, Mumbai and Roorkee and also met key Research and Development players in the renewable energy sector in India, including IISc Bangalore, IIT Bombay, L&T, Tata Power and others apart from meeting with officials of New and Renewable Energy Ministry, it said.

India has ambitions in renewable energy as attested by the creation of the International Solar Alliance. The country aims to generate 40 per cent of its energy from non-fossil fuel sources in its energy mix by 2030 and for deploying 175GW of renewable energy by 2022. “French companies intend to contribute to achieving this target. Business France is supporting them in finding synergies with Indian counterparts and institutions, with the aim of developing technical cooperation,” the statement said. France is the third largest foreign investor in India, with an estimated investment of around 20 billion euros, which has contributed to creating around 3 lakh skilled jobs in the country, it added.

Source: PTI


Anand Gupta Editor - EQ Int'l Media Network


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