Facilitating Spanish Investment and Technology Transfer in Indian Solar Sector.
India’s NSEFI signs MOU with the Spanish Photovoltaic Union(UNEF) at Madrid, Spain
India’s apex solar association National Solar Energy Federation signed a Memorandum of Understanding to facilitate Spanish Investment and Technology transfer at Madrid last week during the Annual Solar Meet known as SOLAR FORUM where over 600 delegates from Spanish Solar industry were present.
The MOU was signed by the President of the Spanish PV Association (UNEF), Jorge Barredo, from the Spanish side and Founder Chairman of the National Solar Energy Federation of India (NSEFI), Pranav R Mehta from the Indian side, who is also the Chairman-Elect of the Global Solar Council. Also present was Mr. Jose Donoso, General Manager of UNEF and Co-Chairman of the Global Solar Council.
“India is the third largest solar market and with exponential growth in the last few years achieving 16.2 GW installed capacity, is poised to achieve 100 GW by 2020. India offers very attractive investment and technology transfer opportunities for Spanish solar industry which has a rich experience, thus creating a win-win situation” said Pranav R Mehta on the occasion.
According to the agreement, the collaboration includes commercial missions, the sharing of best-practice, as well as of technical and policy information. “In India, PV is already more competitive than coal, and it is one of the countries with the most potential to develop PV, with the forecast of reaching 100 GW in 2022. We hope we will implement a fruitful cooperation” said Jorge Barredo of Spanish Solar Union.
Shri Mehta also met Spain’s Secretary of Energy Daniel Lavia and extended an invitation to the Spanish Government and Renewable Energy industry to participate actively in Global Renewable Energy Investment Summit REINVEST 2018 being organized by the Government of India and the International Solar Alliance (ISA) 19 – 21 April, 2018 at Greater Noida, near New Delhi, India.