India, Australia sign letter of intent on new & renewable energy tech

This partnership will lower the cost of new and renewable energy technologies and scale up deployment to reduce emissions

February 16, 2022

The letter of intent was signed at the 4th India-Australia Energy Dialogue

Both countries are looking to address the urgent need to invest in advanced technology and clean energy transition

The action plan will cover energy-efficient technologies, grid management, and electric mobility, among others

Both countries also agreed to co-operate to reduce the cost of green hydrogen, cooperate on coal-based energy security, explore the potential for LNG partnership, among others

India and Australia signed a letter of intent at the 4th India-Australia Energy Dialogue to collaborate towards reducing the cost of new and renewable energy technologies and scaling up their utilization to reduce global emissions. The partnership will also focus on scaling up the production and deployment of ultra-low-cost solar and clean hydrogen.

To address the need to concentrate on clean energy transition and technological advancement, the action plan will cover energy-efficient technologies, grid management, R&D collaboration on flue gas desulphurisation, biomass or hydrogen co-firing, water cycle optimisation, renewables integration, batteries, and electric mobility.

Currently, the five Joint Working Groups (JWGs) under the India-Australia Energy Dialogue include power, new and renewable energy, coal and mines, critical minerals, and oil and gas. Both countries have also agreed to co-operate on reducing the cost of green hydrogen, cooperate on coal-based energy security and resource deployment, examine investment opportunities in the minerals sector, and explore the potential for a liquified natural gas (LNG) partnership, among others.

The dialogue was co-chaired by Minister for Power and New & Renewable Energy, R.K. Singh and Minister for Energy and Emissions Reduction, Angus Taylor from Australia.