CURRENT AFFAIRS

Detailed explanation-1: -The Union Cabinet on Wednesday gave ex post facto approval to the signing of a Memorandum of Understanding (MoU) between India and France on renewable energy cooperation.

Detailed explanation-2: -India and Panama have signed a Memorandum of Understanding (MoU) to enhance cooperation in the training of diplomats.

Detailed explanation-3: -The MoU was signed in January 2021. The objective of the MoU is to establish the basis for promotion of bilateral cooperation in the field of new and renewable energy on the basis of mutual benefit, equality and reciprocity. It covers technologies relating to solar, wind, hydrogen and biomass energy.

Detailed explanation-4: -2022. India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 4th in Solar Power capacity (as per REN21 Renewables 2022 Global Status Report).

Detailed explanation-5: -Rajasthan has the highest solar power generation potential of any state in the country. The state recently surpassed Karnataka as the leading state in solar installations. As of December 2022, Rajasthan’s operational solar power projects produced roughly 16, 060 MW of solar energy.