Stressing on the importance of technology, Takeshi Yagi, Ambassador of Japan in India, said, “Expansion of technology innovation is extremely important in the renewable energy field. With both Japan and India witnessing a sharp increase in energy imports, renewable energy is a key component of the energy mix.”
Yagi added that there was a need to harness the huge potential of renewable energy through the development of new technologies and their application to society.
“It is also important to utilize the private sector’s know how in the areas of waste to energy, storage batteries and smart grids,” added Yagi.
Highlighting some key areas that could be of interest for Indo-Japanese collaboration Alok Srivastava, Joint Secretary, Ministry of New & Renewable Energy, Government of India said that the new areas of co-operation between India and Japan could be in developing cutting edge technologies. Another opportunity is in the area of financing at an affordable cost.
Key Japanese companies accompanying the Ministry of Economy Trade and Industry (METI, Japan) include, Mitsui Engineering and Ship Building (Solar Power), NGK Insulators (storage solutions), Mitsubishi Heavy Industries (smart Grids), Hitachi Zosen Corporation (waste to energy).