EU intends to cooperate with India on solar power
POWER & RENEWABLE ENERGY

EU intends to cooperate with India on solar power

At the European Union (EU), European Commission President, Ursula von der Leyen, announced to step up cooperation with India on solar power, aiming to strengthen technology and security ties between Brussels and Delhi.

Her visit comes at a time for preventing dual-use technology from reaching Russia without stopping exports to India, which has remained neutral over the invasion of Ukraine.

She highlighted the need to secure global supply chains for the materials needed to make solar panels.

In March, Energy Commissioner Kadri Simson said that the EU’s bid to end dependence on Russia meant renewed political will and a practical need for boosting its renewables capacity in Europe.

According to the Fraunhofer Institute for Solar Energy Systems, Europe boasted over 40% of the world’s solar panel manufacturing capacity but recently declined to just 3%.

Asia accounts for 95% of current manufacturing. China alone produces two-thirds of solar capacity.

India intends to expand its solar manufacturing capacity because it relies on China for imports.

Large imports of solar photovoltaic (PV) panels pose risks to supply chain resilience and have strategic security challenges.

India and the EU already have a past of cooperating on solar power. In 2015, France and India founded the International Solar Alliance (ISA) to deploy solar power in poor countries.

During her visit, India and the EU announced creating a Trade and Technology Council to tackle challenges at the nexus of trade, technology and security.

The export crunch is affecting Russia’s ability to manufacture new weapons.

According to a report, the Russian Special Services are struggling to rebuild covert supply chains to continue to acquire critical components for Russia’s defence industries.

Russia already has mechanisms to launder dual-use technologies through third countries, which means that if the west wants to strangle Russian access, it may have to restrict exports to countries like India also for certain civilian products.

Image Source

Also read: India, Europe sign agreement to work on aviation security

At the European Union (EU), European Commission President, Ursula von der Leyen, announced to step up cooperation with India on solar power, aiming to strengthen technology and security ties between Brussels and Delhi. Her visit comes at a time for preventing dual-use technology from reaching Russia without stopping exports to India, which has remained neutral over the invasion of Ukraine. She highlighted the need to secure global supply chains for the materials needed to make solar panels. In March, Energy Commissioner Kadri Simson said that the EU’s bid to end dependence on Russia meant renewed political will and a practical need for boosting its renewables capacity in Europe. According to the Fraunhofer Institute for Solar Energy Systems, Europe boasted over 40% of the world’s solar panel manufacturing capacity but recently declined to just 3%. Asia accounts for 95% of current manufacturing. China alone produces two-thirds of solar capacity. India intends to expand its solar manufacturing capacity because it relies on China for imports. Large imports of solar photovoltaic (PV) panels pose risks to supply chain resilience and have strategic security challenges. India and the EU already have a past of cooperating on solar power. In 2015, France and India founded the International Solar Alliance (ISA) to deploy solar power in poor countries. During her visit, India and the EU announced creating a Trade and Technology Council to tackle challenges at the nexus of trade, technology and security. The export crunch is affecting Russia’s ability to manufacture new weapons. According to a report, the Russian Special Services are struggling to rebuild covert supply chains to continue to acquire critical components for Russia’s defence industries. Russia already has mechanisms to launder dual-use technologies through third countries, which means that if the west wants to strangle Russian access, it may have to restrict exports to countries like India also for certain civilian products. Image Source Also read: India, Europe sign agreement to work on aviation security

Next Story
Infrastructure Urban

Karnataka Bank Posts Rs 3.19 Bn Net Profit in Q2 FY26, Up 9% QoQ

Karnataka Bank has reported a quarterly net profit of Rs 3.19 billion for the quarter ended September 2025, marking a 9.1 per cent QoQ increase compared to Rs 2.92 billion in Q1 FY26. The Board of Directors approved the financial results for the quarter and half year at its meeting held in Mangaluru.For the half year ended September 2025, the Bank recorded a net profit of Rs 6.11 billion, compared with Rs 7.36 billion reported during the same period last year.In Q2 FY26, the Bank’s Net Interest Income (NII) stood at Rs 7.28 billion. Asset quality improved further, with Gross NPA reducing to ..

Next Story
Infrastructure Urban

IndiQube Delivers Strong Q2 with Rs 280 Million PAT

IndiQube Spaces, one of India’s leading tech-enabled workspace solutions providers, announced its financial results for the quarter and half year ended 30 September 2025, delivering strong growth across revenue, profitability, and operational metrics.Commenting on the performance, Rishi Das, Co-founder & CEO, IndiQube, said, “Our growth momentum continues to strengthen as we posted our highest-ever half-yearly revenue of Rs 6.68 billion in H1 FY26. With 96 per cent of this revenue being recurring and operating cash flows rising to Rs 1.51 billion, we have built a strong foundation for ..

Next Story
Infrastructure Urban

Rossell Techsys Announces Rs 3 Billion Fundraise

Rossell Techsys, a leading provider of high-reliability engineering and manufacturing solutions for the aerospace and defence sector, announced that its Board of Directors has approved a fundraise of up to Rs 3 billion. The capital will be raised through fully paid-up equity shares and/or other eligible securities, including a Qualified Institutions Placement (QIP), in accordance with applicable regulations.The Company is evaluating multiple avenues for organic expansion and anticipates strong growth across its existing business lines. The proposed QIP will enable Rossell Techsys to strengthen..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement