Russian Agency Assist to Establish Massive Solar Plants in India

The Russian Energy Agency (REA) and Solar Energy Corp. of India (SECI) plans to team up on few substantial scales Solar PV plants in India by 2022.

The two entities signed a Memorandum of Understanding (MoU) on December 24, plotting the terms of the partnership.

According to sources, one of its objectives will be to set up a guide for the improvement of both solar power activities and hardware production facilities.

The Russian will assume liability to give the required technologies and minimal effort on financing the proposed undertakings, while SECI will secure the required government licenses.

The two organizations have established a working group to assess the next steps of the pact.

India has authoritatively dedicated to support its renewable energy ability to 175 GW by 2022, including 100 GW of Solar Energy.