India and Italy to jointly work for expansion of green hydrogen
POWER & RENEWABLE ENERGY

India and Italy to jointly work for expansion of green hydrogen

India and Italy have agreed to explore the expansion of green hydrogen, installing renewable energy corridors, and joint projects in the natural gas sector as the two countries attempt to encourage partnership in the energy shift.

A joint statement released after Prime Minister Narendra Modi conducted the first in-person meeting with his Italian counterpart Mario Draghi on the sidelines of the G20 Summit in Rome said that the two leaders agreed to promote joint investments of Indian and Italian firms in the energy transition-related sector.

They agreed to start a dialogue to help the development and usage of green hydrogen and similar technologies in India and to consider operating together to help a large size green corridor project in India to capitalise on India's goal to generate and integrate 450 GW of renewable energy by 2030.

The two leaders also agreed to promote Italian and Indian firms to form joint projects in the natural gas sector, smart cities, technological innovation for decarbonisation and other particular domains.

India set an ambitious aim of forming a capacity to produce 450 GW of electricity from renewable sources like solar and wind and over double the share of natural gas in its energy basket to 15% by 2030 as it shifts to a low carbon-emitting economy.

It is additionally looking at increasing hydrogen production from all sources, especially green hydrogen, as part of its energy transformation pathway.

The joint statement said that a joint working group set by the Memorandum of Understanding on Cooperation in the field of Energy, signed in Delhi on October 30, 2017, would be tasked to explore cooperation in areas like smart cities, mobility, and smart-grids.

The group will additionally explore cooperation in electricity distribution and storage solutions; integrated waste management (waste-to-wealth); and green energies (CNG & LNG; green hydrogen; bio-refinery; bio-methane; second-generation bio-ethanol; castor oil; bio-oil waste to fuel), gas transportation and developing natural gas as a bridge fuel.

The two leaders additionally agreed to share helpful information and experiences particularly in the field of policy and regulatory framework, involving possible means to promote the shift to cleaner and commercially viable fuel or technologies, long-term grid planning, incentivising schemes for renewables and efficiency steps, and regarding financial instruments for stimulating clean energy transition.

They noticed notable progress in bilateral relations since the adoption of the Action Plan for an improved partnership between India and Italy (2020-2024) on November 6, 2020.

Image Source

Also read: JCB to invest £100 mn to make super-efficient hydrogen engines

India and Italy have agreed to explore the expansion of green hydrogen, installing renewable energy corridors, and joint projects in the natural gas sector as the two countries attempt to encourage partnership in the energy shift. A joint statement released after Prime Minister Narendra Modi conducted the first in-person meeting with his Italian counterpart Mario Draghi on the sidelines of the G20 Summit in Rome said that the two leaders agreed to promote joint investments of Indian and Italian firms in the energy transition-related sector. They agreed to start a dialogue to help the development and usage of green hydrogen and similar technologies in India and to consider operating together to help a large size green corridor project in India to capitalise on India's goal to generate and integrate 450 GW of renewable energy by 2030. The two leaders also agreed to promote Italian and Indian firms to form joint projects in the natural gas sector, smart cities, technological innovation for decarbonisation and other particular domains. India set an ambitious aim of forming a capacity to produce 450 GW of electricity from renewable sources like solar and wind and over double the share of natural gas in its energy basket to 15% by 2030 as it shifts to a low carbon-emitting economy. It is additionally looking at increasing hydrogen production from all sources, especially green hydrogen, as part of its energy transformation pathway. The joint statement said that a joint working group set by the Memorandum of Understanding on Cooperation in the field of Energy, signed in Delhi on October 30, 2017, would be tasked to explore cooperation in areas like smart cities, mobility, and smart-grids. The group will additionally explore cooperation in electricity distribution and storage solutions; integrated waste management (waste-to-wealth); and green energies (CNG & LNG; green hydrogen; bio-refinery; bio-methane; second-generation bio-ethanol; castor oil; bio-oil waste to fuel), gas transportation and developing natural gas as a bridge fuel. The two leaders additionally agreed to share helpful information and experiences particularly in the field of policy and regulatory framework, involving possible means to promote the shift to cleaner and commercially viable fuel or technologies, long-term grid planning, incentivising schemes for renewables and efficiency steps, and regarding financial instruments for stimulating clean energy transition. They noticed notable progress in bilateral relations since the adoption of the Action Plan for an improved partnership between India and Italy (2020-2024) on November 6, 2020. Image Source Also read: JCB to invest £100 mn to make super-efficient hydrogen engines

Next Story
Real Estate

What Does Home Insurance Really Cover?

Home insurance is one of the most important protections a homeowner can have. It offers financial cover for unexpected damages, losses, or liabilities related to your property. However, many homeowners are not fully aware of what is actually included in their home insurance policy.This guide breaks down what home insurance really covers, so you can be better prepared and make informed decisions.What is home insurance?Home insurance is a financial product that protects your house and belongings against damage, theft, or accidents. It generally includes coverage for the building itself, as ..

Next Story
Infrastructure Urban

Hettich Strengthens Industry Ties at Madhya Pradesh Investment Meet

Hettich India, a global leader in furniture fittings, reinforced its commitment to Madhya Pradesh’s industrial growth as a Guest of Honour at an Interactive Session on Investment Opportunities in Power, Renewable Energy Equipment, and White Goods Manufacturing, hosted by the Government of Madhya Pradesh in partnership with the Confederation of Indian Industry (CII) at Hotel Trident, Nariman Point, Mumbai.The session, chaired by Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, brought together leading domestic and international investors, industry representatives, and business lead..

Next Story
Equipment

Raimondi Names New Saudi Branch Head

Raimondi Middle East has announced the appointment of Ahmad Shakkour as Branch Manager for the Kingdom of Saudi Arabia, reinforcing the company’s commitment to expanding its presence in one of its key regional markets.With Saudi Arabia driving a wave of large-scale infrastructure and urban development projects, Raimondi aims to strengthen its on-ground operations and customer engagement. The company currently has over 100 cranes deployed across the country and continues to expand its technical and service teams to support growing demand.“Saudi Arabia represents a cornerstone of our regiona..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?