The partnership aims to unlock new business and financing opportunities for solar manufacturing projects and build more resilient and diversified supply chains. The MoU is part of a broader effort to strengthen existing EU–India cooperation in clean energy.

While Europe contributes high-performance technologies and long-term reliability, India offers a rapidly growing domestic manufacturing base. Together, the two regions will explore joint opportunities in upstream solar equipment and manufacturing. The agreement also addresses regulatory barriers, improves market access, and facilitates dialogue with policymakers to support industrial collaboration.

“This partnership will support European solar businesses and help India meet its solar growth goals,” said Máté Heisz, Chief Operating Officer at SolarPower Europe. NSEFI CEO Subrahmanyam Pulipaka added, “It opens pathways for innovation, cross-border investment, and a cleaner, more secure energy future.”

The announcement follows the launch of SolarPower Europe’s International Solar Manufacturing Initiative (ISMI).

Source: PTI