On 30.06.2015, a
Memorandum of Understanding was signed between India and USA for co-operation
in the establishment of PACESetter Fund- a fund to support the Promoting Energy
Access through Clean Energy (PEACE) track of the U.S.-India Partnership to
Advance Clean Energy (PACE)- a flagship initiative on Clean Energy that
combines the resources of several U.S. agencies and GOI Ministries.
The agreement also facilitates co-operation through technical and commercial
innovation and the advancement of clean energy in off-grid space.
of New and Renewable Energy
Source: Legal news India