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Executive Summary: U.S.-India Partnership to Advance Clean Energy (PACE) An Initiative of the U.S.-India Energy Dialogue The U.S. Government is supporting clean energy in India through its key initiative, the Partnership to Advance Clean Energy (PACE), announced in November 2009 as part of the U.S.-India Energy Dialogue. PACE focuses on spurring inclusive, low-carbon development by supporting research and deployment of clean energy through PACE-R (research) and PACE-D (deployment) initiatives. Energy access is a priority for India and there is vast potential for advanced clean energy technologies which, when combined with innovative financing models, market-based solutions, and appropriate policies, can become an engine for economic development. With this in mind, the U.S. and India added a new initiative, “Promoting Energy Access through Clean Energy (PEACE)”, under the PACE umbrella in September 2013. PACE is a “Whole of Government” approach to address energy-related challenges in India. Seven U.S. agencies—Department of Commerce (USDOC), Department of Energy (USDOE), Department of State (USDOS), Export-Import Bank of the United States (Ex-Im), Overseas Private Investment Corporation (OPIC), U.S. Agency for International Development (USAID), and U.S. Trade and Development Agency (USTDA)—are working together on the PACE initiatives. The areas of support include: energy access, renewable energy, smart grids, building energy efficiency, industrial energy efficiency, and clean energy finance. Since its inception, PACE has provided the much-needed impetus to accelerate clean energy in India through technical assistance; building the capacity of stakeholders; providing finance, grants, and insurance products for clean energy projects; organizing study tours for knowledge transfer; and facilitating public-private partnerships. This report highlights the key activities and achievements made under the PACE initiative between July 2013 and June 2014. One of the key developments in this period has been the change of leadership in the Government of India with Shri Narendra Modi becoming India's 15th Prime Minister on May 26, 2014. In the new cabinet, Shri Piyush Goyal was appointed the Minister of State with Independent Charge for Power, Coal, and New and Renewable Energy. This is the first time that three energy-related ministries have been brought under one minister to facilitate better coordination to achieve India's vision of an integrated energy portfolio. In March 2014, the USDOE Secretary Dr. Ernest Moniz led the U.S. delegation to the U.S.-India Energy Dialogue meeting in New Delhi. 1 U.S.-India Partnership to Advance Clean Energy (PACE)PDF Image | Initiative of the U.S.-India Energy Dialogue
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