As per the RPO trajectory, India’s RE generation is expected to grow to 43.3% by 2030, largely dominated by variable RE. Integrating the national transmission network with other nations can reduce the need for RE storage technologies to mitigate grid integration challenges. Additionally, this MoU can help advance India’s 500 GW RE target and the National Green Hydrogen Mission by establishing reliable and resilient supply chains of materials used in RE and green hydrogen.

The MoU aims for the co-development of green hydrogen and RE projects. Will it be accompanied by financial and/or technical contributions from Saudi Arabia?