The two countries will collaborate also on reducing the cost of renewable energy technologies.

India and Australia signed a Letter of Intent to collaborate on reducing cost of new and renewable energy technologies, as well as scale up deployment in line with global emissions reduction targets. India’s Ministry of Power in a statement said that under the letter, the parties will prioritise scaling up the manufacture and deployment of ultra-low-cost solar and clean hydrogen.

The letter was signed at the 4th India-Australia Energy Dialogue held Tuesday which was co-chaired by Indian Minister for Power and New & Renewable Energy Raj Kumar Singh and Australian Minister for Energy and Emissions Reduction Angus Taylor from the Australian side. 

The ministry added that with the urgent to advance technology and clean energy transition the parties agreed that their forward action plan will include the areas of energy efficiency technologies, and grid management.

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