USD$1 billion in new multilateral finance through IBRD for clean energy supply chains
The U.S. and India have agreed to collaborate on building safe and secure global clean energy supply chains, focusing on expanding manufacturing capacity for clean energy technologies and components, with an initial commitment of USD$1 billion in multilateral finance.
United States, India, U.S. Department of Energy, Government of India ministries, U.S. Development Finance Corporation (DFC), Indian private equity fund manager Eversource Capital, International Solar Alliance (ISA), African partners
- USD$1 billion in new multilateral finance through IBRD
- focus on solar, wind, battery, energy grid systems, and high-efficiency air conditioner and ceiling fan supply chains
- initial focuses on solar wafers, wind turbine nacelle components, power transmission line components, energy storage components, battery packs for 2- and 3-wheel EVs, high-efficiency air conditioners and ceiling fans
- India's Green Transition Fund
- Eversource Capital's $900 million fund
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Agreement
21 September, 2024
Document details
| Official title | Roadmap For U.S.-India Initiative to Build Safe and Secure Global Clean Energy Supply Chains |
| Source body | Ministry of External Affairs — bilateral & trade documents |
| Reference number | 38322 |
| Status | closed (agreement) |
| Year | 2024 |
| Closing date | 21 September, 2024 |
| Documents | 1 |