Renewable Energy / Urban Development / Smart Cities
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Prime Minister Modi’s government set ambitious goal for renewable energy: from 2.9 GW today to 100 GW by 2020. France is already part of this programme, with French investors in India accounting for 10% of solar energy generation.
As far as the ongoing process initiated by the Indian government to select 100 “smart cities” is concerned, France is ready to contribute to the project whenever the cities are selected. India’s urban population is set to double to 600 million people by 2031. In this regard, France committed to earmark € 2bn over three years for sustainable urban development. As a recent example, France is contributing to the financing of the Kochi metro network – which will be inaugurated in 2016.
8. Smart Cities development is a key area to foster sustainable development solutions. France welcomes India’s offer to be a partner of the Smart cities development scheme and is ready to implement its best technological solutions and share its experience in the field of integrated sustainable cities, in particular in urban planning, urban grids, water and sanitation, sustainable mobility and digital technologies. The two Leaders noted with satisfaction:
a) the high level exchanges and progress in bilateral cooperation in the field of sustainable urban infrastructure development and the enhancement in the scope of India-France Agreement for Cooperation in Sustainable Urban Development to include subjects such as ’transport’ and ’heritage’ for priority bilateral cooperation under the existing mechanism.
b) that in view of the interest expressed by the French side in collaboration with India for development of Smart Cities from among the list of cities to be identified by the Government of India, it was agreed to include Smart City cooperation as an area of technical cooperation under the October 2012 MoU on Cooperation in the Field of Sustainable Urban development between France and India. This cooperation would include working together on feasibility studies, building capacities at national, region and local levels, organizing workshops/trainings, forging business-to-business partnerships and implementing any other projects mutually determined.
22. France welcomes the very ambitious objectives set by the Indian government in terms of energy access to all and the development of renewable energy. France is already supporting India’s efforts to secure its energy supply and develop its sources of renewable energy, including solar power. India welcomed the target set by French companies aimed at developing 8 to 10 GW of solar energy in India by 2020-2022. France is also willing to support other renewable sources in India, such as wind, biomass and hydropower.
23. President Hollande confirmed the target of AFD credit line of 1 billion euros over the next three years for sustainable infrastructure and urban development in India and conveyed the commitment of France to partner with India in implementation of the following projects launched by India for development of renewable sources of energy:
- Extension of credit facility by Agence Française de Développement for India’s Energy Efficiency Services Limited (EESL) promoting use of LED lighting in select Indian municipalities;
- Arrangement on renewable energy cooperation between the Indian Ministry of New and Renewable Energy and the French Ministry of Ecology, Sustainable Development and Energy.
24. Recognizing the critical role of various States of India and Regions of France in expanding cooperation and exchanges between India and France, the two Leaders decided to accord high priority to promoting exchanges among them in the area of sustainable, rural and urban development, in particular as regards infrastructure, transport, water and waste management, including through appropriate twinning arrangements and visits of business delegations. Prime Minister noted that he is looking forward to his meeting with local leaders of Midi-Pyrenees Region, including CEOs of French enterprises located in these Regions.
MoU for renewable energy cooperation between MEDDE (France) and MNRE (India) // signed on 10 April at the Elysée Palace
- The MEDDE-MNRE MoU will enable France and India to identify areas of scientific collaboration and bolster the development of our industrial cooperation in the renewable energy sector. French companies in India already produce 10% of India’s solar energy. France desires to enhance their presence.
Agreement on energy efficiency between AFD (French Development Agency) and Energy Efficiency Services // signed on 9 April at the French Ministry of Foreign Affairs and International Development, Quai d’Orsay
- The French Development Agency (AFD) has signed a guarantee with the Government of India for a line of credit for 50 million euros for investments by Energy Efficiency Services Limited (EESL) towards the reduction of energy consumption in Indian municipalities.