India is one of the largest and most dynamic solar markets worldwide, with a strong presence of European companies in the country. While European solar manufacturers can offer significant support, including on-site assistance, high-yield performance, and reliable customer assistance, India excels at creating its own domestic manufacturing market.
Accordingly, SolarPower Europe and NSEFI have signed an MoU, committing to work together to strengthen EU-India cooperation to diversify solar supply chains. The work will include identifying business and financing opportunities for manufacturing projects, and fostering knowledge exchange and capacity building between the regions. On frameworks, the Associations will support each other in addressing regulatory issues concerning the market access of solar equipment, and facilitate exchanges with relevant policymakers about opportunities to support EU-India solar manufacturing cooperation projects.
The MoU reflects the commitments of the India-EU Clean Energy and Climate Partnership (CECP), as well as the recent pledge by President Modi and European Commission President Ursula von der Leyen to deepen the India-EU collaboration on clean energy and supply chains.
Máté Heisz, Chief Operating Officer at SolarPower Europe (he/him) said; “The EU and India are important partners in clean tech. EU legislation, like the Net-Zero Industry Act, and the new European competitiveness agenda is driving demand for resilient solar products at home. India plays a critical role in the diversification of the global solar value chain. Our renewed partnership with NSEFI will help unlock market opportunities for European companies, including equipment providers, manufacturers, as well as developers, and support India in delivering on its solar growth goals.”
Subrahmanyam Pulipaka, Chief Executive Officer at NSEFI (he/him) said; “India and the EU are natural allies in the global clean energy journey. As India accelerates toward its 500 GW non-fossil fuel milestone by 2030, India is also set to become global solar manufacturing hub. Our strengthened partnership with SolarPower Europe will unlock new pathways for innovation, cross-border investment, and resilient value chains especially in upstream manufacturing — laying the foundation for a cleaner, more secure, and self-reliant energy future that serves not just our regions, but the world.”
The renewed partnership follows the launch of SolarPower Europe’s International Solar Manufacturing Initiative (ISMI). ISMI acts as a vehicle to create joint opportunities and co-operation between European manufacturers (especially solar equipment providers) and solar manufacturers in EU partner countries, like India.
