The Industry Advisory Council (IAC) is conceived as a convening forum for organizations with interests in renewable energy in India and the U.S. with a view to share information, knowledge, and expertise and cooperate to achieve Greening the Grid’s mutually beneficial objectives. The initiative will support overall private sector participation in Renewable Energy development with a particular focus on grid integration of variable renewable energy. A key element of IAC will be the development of a Business to Business (B2B) database that will facilitate peer to peer exchanges and gather necessary interests and information.
Under the USAID’s GTG Program, the central component is the Renewable Integration and Sustainable Energy (RISE) Initiative that focuses on the implementation of the pilot projects, which are multi-implementer work programs aimed at testing and evaluating building blocks to improve renewable energy (RE) integration in India’s state and national power grids. The IAC will support GTG-RISE in this effort recognizing the strong interest of the private sector to contribute to India’s target of 175GW of renewable energy in the power system.
The IAC aims to leverage public and private sector business resources in both the U.S. and India to promote commercially viable solutions for the integration of variable RE into the power grid. It will work in close partnership with both the U.S. and Indian Government agencies to provide coordinated private sector support in achieving its objectives. The key objectives and functions of IAC are listed below:
STRUCTURE OF IAC
IAC would be a public-private industry council with representation from relevant private and public sector ﬁrms including producers, manufacturers, service providers, ﬁnanciers, utilities, industry bodies and associations. It will be formed as an independent council hosted under a prominent trade chamber for synergizing U.S. – India economic engagement.
IAC will work closely with the U.S. and Indian government and partner agencies to achieve the objective of GTG-RISE initiative. The members will have a shared commitment to develop an ecosystem for collaboration and partnership for activities which help to promote trade through mutually agreed goals. The IAC would organize into working groups based on the number of members and the level of interest generated in any of the technical solution areas aligned to the overall grid integration objective.