Australia, Policy, Renewables

New Australia-India renewable energy partnership

The second Australia-India Annual Summit took place on the sidelines of the G20 Summit this week.

Australian Prime Minister Anthony Albanese met with Indian Prime Minister Shri Narendra Modi, with the pair strengthening bilateral ties across a range of important sectors, including renewable energy.

To this end, the pair officially launched the India-Australia Renewable Energy Partnership (REP), which provides a framework for practical cooperation in priority areas such as solar PV, green hydrogen, energy storage, two-way investment in renewable energy projects and allied areas; and upgraded skills training for the renewables workforce of the future.

The Prime Ministers noted progress under the Memorandum of Understanding between India’s Khanij Bidesh Ltd and Australia’s Critical Minerals Office as an opportunity to grow commercial links and advance supply chain diversification interests.

The leaders expressed the importance of research and innovation, skills development, and professional exchange – including participation in each other’s conferences – and sustainable practices in developing the critical minerals sector in support of the global clean energy transition.

“Our renewable energy partnership is officially launched,” Prime Minister Albanese said in a social media post about the G20 Summit.

“This new partnership will boost two way investment in the renewable energy sectors in things like solar, green hydrogen and the renewables workforce.

“We are doing so much work together on driving renewable energy transition to meet our net zero targets.”

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