India-Australia Renewable Energy Partnership: An opportunity to grow a two-way investment

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Australian Prime Minister Anthony Albanese shakes hands with his Indian counterpart Narendra Modi. Source: AP / Manish Swarup/AP/AAP Image

Australia and India officially launched the 'Renewable Energy Partnership (REP)' on 19 November 2024, during the 2nd Australia-India Annual Summit. In an interview with SBS Hindi, Federal Minister for Climate Change and Energy, Chris Bowen, highlighted the partnership's objectives and its potential to unlock new economic opportunities while advancing a clean energy future.


The summit, held alongside the G20 Summit in Brazil, brought together Australian Prime Minister Anthony Albanese and Indian Prime Minister Narendra Modi to strengthen bilateral ties, with a key focus on the renewable energy sector.

The federal government, in an official statement, described the partnership as a "significant milestone in India–Australia cooperation and will guide climate and energy cooperation."

Australia is committed to working with India to seize the economic opportunities of the net zero transition. Our new renewable energy partnership will translate this aspiration into reality," the

In an interview with SBS Hindi, the minister emphasised, "We can collaborate on areas like supply chains, workforce development, building future skills, and addressing barriers to two-way investment."
Solar panels are seen at solar farm on the northern outskirts of Canberra, Wednesday, June 15, 2022. (AAP Image/Mick Tsikas) NO ARCHIVING
Solar panels are seen at solar farm on the northern outskirts of Canberra. Source: AAP
While Australia has already installed four million solar panels, India aims for ten million installations to meet the needs of its vast population.

“This collaboration is not just government-to-government but also a '1.5 Track' approach, involving industries and smart energy councils working extensively in India,” he explained.

Bowen also mentioned the possibility of establishing an India-Australia Renewable Energy Academy to strengthen this partnership.

The partnership highlights key areas of collaboration between the two nations, including solar PV, green hydrogen, solar supply chains, energy storage, the circular economy for renewable energy, two-way investment in renewable energy projects and related sectors, capacity building, and other shared priorities.

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