A top Biden Administration official Friday said the US has put together a coalition of several countries to help India achieve its ambitious target of producing about 450 gigawatts of renewable power by 2030, costing around USD 600 billion.
John Kerry, the special presidential envoy for climate, said the US has set up a consortium of several countries eager to help India with funds and knowhow to achieve this ambitious goal.
Kerry made this remark to former Energy Secretary Ernest Moniz during a virtual Fireside Chat at IHS CERAWeek, the world’s premier energy conference.
“India has a plan to produce about 450 gigawatts of renewable power by 2030, it”s a very ambitious goal. It’s a great goal but they need about 600 billion dollars to be able to help make that kind of a transition,” he said.
For India, funding this goal is perhaps one of the biggest challenges, but they are determined to lead and to be an important player here, he said, adding that the United States wants to work with New Delhi on this.
“I’ve put together a small consortium of several countries that are prepared to help India with some of the finance and transition,” he said.