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Agici Finance Business, an Italian pioneer active in research and consultancy in the energy business and Energy Alternatives India, the leader in consultancy in renewable energy in India, have signed a MoU to develop joint initiatives aimed at helping Italian businesses to seize the opportunities that the Indian market is offering.

This agreement focuses on assisting Italian companies to seize the opportunities that the rapid development of renewable energy in the Indian market is offering and was signed as a part of international initiatives promoted by the Observatory on industry and international sources of finance of Italy.

Andrea Gilardoni, President of Agici said “Italian companies  have great technological expertise in renewable energy but often struggle to internationalize in size and the lack of non-depth knowledge of foreign markets. The strategic partnership between Agici and EAI wants to be a bridge between Italian and Indian renewable energy in the mutual benefit business opportunities for the former and use of technological excellence for the second Italian. ”

A Memorandum of Understanding to develop joint initiatives aimed at providing tools to Italian companies to enter and develop business successfully in India through market research, looking for industrial partners and financial policy analysis and construction of industrial floors was signed between AGICI president Andrea Gilardoni and Narasimhan Santhanam, Director, EAI, in Milan last week.

Solar (especially PV), biomass, energy from waste, wind, small-and large hydro are the most important growth areas that attract the attention of investors offended interesting opportunities for Italian companies. AGICI has already established forms of collaboration with the Tongji University in Shanghai and the Russian Academy of Sciences in Moscow in order to facilitate the entry of Italian companies in all markets of the BRIC.

A study presented in Milan on July 7 which showed that India is destined to become one of the main markets for renewable energy resources worldwide. The Government, in fact, has plans to 2017 the installation of 17,000 MW of new green energy, for a total investment of over 24 billion euros. This plan provides for the significant growth of all major renewable technologies, particularly wind, solar, mini hydro and biomass. Narasimhan Santhanam, founder of Energy Alternatives India, at the seminar has identified the areas that provide most significant growth for the Italian companies in India:

  1. Biomass: project management, training and development of knowledge (especially for small plants), R & D projects of energy crops,
  2. Waste to energy: training and development of knowledge (especially for gasification), distributed generation from organic waste treatment technologies for hazardous waste;
  3. Solar PV: EPC and system integrators, industry for the production of systems and components, monitoring systems, training and knowledge development;
  4. Solar Power: EPC and system integrators, partnerships for R & D, training and knowledge development;
  5. Wind: project management, industries for the production of systems and components, systems and monitoring technologies;
  6. Biofuel R & D in oilseeds and cellulosic ethanol, and increase the efficiency of cultivation of Jatropha
  7. Mini hydro (up to 25 MW): ​​supply of components (especially turbines and balance of plant with high efficiency)
  8. (Large) hydroelectric: supply systems and components, funding, training and knowledge development.

Indian and Italian companies interested in utilizing the services of AGICI and EAI may get in touch with us. AGICI contact details are available through their web site. To contact Narasimhan Santhanam of EAI in this regard, please send a note to narsi@eai.in