India, Israel, the United States, and the United Arab Emirates (I2U2) have announced their collaboration to advance a 300 MW wind-solar hybrid project complemented by a battery energy storage system in the Indian state of Gujarat.
The leaders of these nations made the announcement under the I2U2 framework, wherein they have agreed to increase joint investment in water, energy, transport, space, health, and food security.
This project puts into action a broader US government policy to work with its overseas partners to set the world on a sustainable climate pathway. Moreover, this project has the potential to support significant exports of US-based clean energy solutions.
The US Trade and Development Agency has funded a feasibility study for the $330 million project. It awarded the grant to India’s Shivman Wind Energy, which chose Illinois-based EverGreen Power as the contract partner.
The UAE-based companies are exploring opportunities to serve as critical knowledge and investment partners in this project. Israel and the United States intend to work with the UAE and India to highlight private-sector opportunities. Indian companies are keen to participate in this project and contribute to India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030, read a joint statement by I2U2.
The project’s hybrid design will mitigate renewable energy variability to help stabilize Gujarat’s regional electricity grid, increase overall efficiency, and lower electricity costs.
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