Renewable Energy Pact with U.S. Likely

  • Renewable energy agreement will be renewed shortly and the U.S and India is also in talks to settle down the nuclear deal
  • The key discussion during Mr.Modi’s visit to the U.S is solar energy and other clean energy initiatives for “transformational growth,”
  • While the U.S. has accepted Indian government’s decision to allow an anti-dumping proposal on solar energy technology to lapse, which would let India import solar panels and technology more easily
  • The Commerce Ministry has decided to withdraw its decision to levy its duties ranging $0.11—0.81 per watt on solar cells imported from the U.S. and other countries
  • First Solar a U.S company is already in the Indian market with solar modules and these companies were demanding the change
  • New proposed agreement between the two countries will also look at helping the wind power technology companies like General Electric (GE) is one of the biggest players