India, US launch a new 'clean energy' initiative, sign MoU
Source: PIB, Government of India India and the United States of America signed a Memorandum of Understanding (MoU) on cooperation to establish the PACESetter Fund. The fund will support the Promoting Energy Access Through Clean Energy (PEACE) track of the U.S.-India Partnership to Advance Clean Energy (PACE) and to accelerate the commercialization of off-grid clean energy through early-stage grant funding grants. It will also help to develop and test innovative products, systems, and business models. The MoU was signed by Upendra Tripathy, Secretary, Ministry of New and Renewable Energy from Indian side and by Richard Verma, United States Ambassador to the Republic of India from USA side on June 30, 2015 at New Delhi. The Government of India and the United ...
