India and Denmark have extended their collaboration in the energy domain by formalising a renewed memorandum of understanding (MoU).
The updated MoU highlights India’s goal of reaching net-zero carbon emissions by the year 2070.
It was signed by India’s Ministry of Power Secretary Pankaj Agarwal and Ambassador of Denmark to India Rasmus Abildgaard Kristensen.
The updated agreement is intended to foster the sharing of expertise and promote joint efforts in technology development, with a focus on advancing clean and sustainable energy initiatives between the two nations.
It follows a previous five-year MoU that began on 5 June 2020 and was originally due to end in June 2025.
The scope of the partnership expands the scope of collaboration to include fields such as power system modelling, integration of variable renewable energy sources and cross-border electricity exchange.
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By GlobalDataIt also covers the establishment of electric vehicle charging networks.
Knowledge-sharing will be encouraged through exchanges between experts, collaborative training sessions, and organised study visits.
Minister for Power and Housing & Urban Affairs Manohar Lal noted that the extended partnership signals a joint effort to pursue environmentally responsible development.
Last month, India’s Ministry of New and Renewable Energy announced the addition of 25GW of clean energy capacity for the financial year 2024-2025.
The addition is an increase of nearly 35% compared to the previous year’s addition of 18.57GW.
Solar energy is said to be a major contributor to this growth, with capacity additions rising by 38% from 15GW in FY 2024 to nearly 21GW in FY 2025.
