PM Modi and Australian PM Anthony Albanese MP Launch India-Australia Renewable Energy Partnership
Indian PM Narendra Modi and Australian PM, Anthony Albanese MP have launched the India-Australia Renewable Energy Partnership to enhance collaboration on solar PV, green hydrogen, energy storage, and workforce training during the second India-Australia Annual Summit on the sidelines of the G20 Summit in Rio de Janeiro.
November 20, 2024. By Mrinmoy Dey
The REP would provide the 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.
During the summit, Prime Minister of India, Narendra Modi and the Prime Minister of Australia, Anthony Albanese MP, noted the significant progress made in strengthening bilateral ties across a range of important sectors – including climate change and renewable energy, trade and investment, defence and security, education and research, skills, mobility, science and technology, regional and multilateral cooperation, community and cultural links, and people-to-people ties.
In a joint statement, the Prime Ministers noted progress under the Memorandum of Understanding between India’s Khanij Bidesh Ltd. (KABIL) and Australia’s Critical Minerals Office as an opportunity to grow commercial links and advance supply chain diversification interests.
The leaders underlined the role 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, including as inputs to technologies such as batteries and rooftop solar.
The Prime Ministers also expressed satisfaction at the increasing two-way trade, business engagements and market access for goods and services enabled under the India-Australia Economic Cooperation and Trade Agreement (ECTA). They welcomed further work towards an ambitious, balanced and mutually beneficial Comprehensive Economic Cooperation Agreement (CECA), to realise the full potential of the bilateral economic relationship.
Modi and Albanese observed that ‘Make in India’ and ‘Future Made in Australia’ have complementarity and collaborative potential and could help create new jobs, unlock economic growth and secure the two nation’s future prosperity in a changing world.
The leaders called for greater two-way investments reflective of the Comprehensive Strategic Partnership and instructed officials to explore ways to realise greater synergies between the economies of both the countries and promote mutually beneficial investments in both directions.
The Prime Ministers welcomed the extension of the Australia-India Business Exchange (AIBX) programme for another four years from July 2024. The AIBX continues to boost the confidence and capabilities of Australian and Indian businesses to connect and develop mutually beneficial partnerships.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling