India and Saudi Arabia have signed a memorandum of understanding on cooperation and investment in renewable energy, energy efficiency, hydrogen, electricity, and grid interconnection. The countries will strengthen cooperation in areas such as digital transformation, innovation, cyber-security, and artificial intelligence in the energy sector. India s power minister has stated that India s green hydrogen will be the most cost-effective in the world.
As host of the Sept. 9 G20 summit, India is ready to defend its use of fossil fuels despite the hostility of some of its guests toward the energy source.
A one-day conference in New Delhi, India, focused on exploring the potential of cross-border energy connectivity and collaboration. The conference, organized by the Power Grid Corporation of India Limited, aimed to leverage transnational grid interconnections to harness solar energy efficiently. The Minister for Power and New & Renewable Energy emphasized the importance of initiatives like this in making renewable energy more cost-effective and ensuring energy access for millions. Experts discussed the significance of transnational grid interconnections and the vision of "One Sun, One World, One Grid" in achieving energy security and a sustainable future. India has highlighted the importance of such interconnections in enhancing energy security and fostering economic growth.
India Business News: India's considerable renewable energy ecosystem positions it as a potential global leader in green hydrogen production, RK Singh noted.
India has already established cross-border interconnections with its neighbours and strengthening of various cross-border links is under process, Singh said.