India and Norway advanced discussions on renewable energy cooperation during a bilateral meeting in Oslo on 17 February 2026. Finance Minister Nirmala Sitharaman and Norway Finance Minister Jens Stoltenberg explored collaboration focused on solar power, processing of rare earths and carbon capture and storage. The meeting was described by official sources as aimed at identifying investment and technology pathways. Officials indicated that initial efforts would prioritise scalable initiatives that can be replicated across regions.

Both ministers agreed to leverage the Trade and Economic Partnership Agreement (TEPA) to deepen cooperation in the blue economy and green economy and to facilitate investment flows. They discussed the role of sovereign wealth and pension funds in financing projects and opportunities for Norwegian investors to engage with India's growing energy market. Officials signalled an intent to prioritise projects that combine sustainability with commercial viability. Officials noted that coordination with the private sector would form a key component of implementation.

Norway indicated that a state visit by Prime Minister Narendra Modi later in the year is expected to further strengthen bilateral ties and open space for expanded cooperation across multiple sectors. The discussions were positioned within a broader context of India's economic growth and Norway's interest in long term investments. Both sides highlighted the strategic value of aligning climate action with trade and investment objectives. They also underlined the need for capacity building and skills development to support deployment.

Officials said follow up work will focus on technical cooperation, regulatory alignment and project level due diligence to accelerate deployment of renewable capacity. Areas identified for additional engagement include solar technology transfer, value chain development for critical minerals and joint research on carbon capture and storage. The two governments committed to maintain dialogue through relevant ministries and agencies to translate discussions into concrete initiatives. A timeline for technical exchanges and pilot projects was expected to be worked out through intergovernmental channels.