India And Norway Explore Renewable Energy Cooperation

23 Feb 2026 CW Team

India and Norway have opened discussions on cooperation in the renewable energy sector during a bilateral meeting in Oslo between Finance Minister Nirmala Sitharaman and Norway Finance Minister Jens Stoltenberg. The talks focused on opportunities in solar power, rare earth processing, and carbon capture and storage, and on leveraging wider economic ties. Officials characterised the dialogue as part of efforts to deepen collaboration on green and blue economy initiatives.

Both sides agreed to work towards leveraging the Trade and Economic Partnership Agreement (TEPA) to enhance trade and investment, with particular emphasis on the blue economy, the green economy and investment flows via sovereign wealth and pension funds. The Indian delegation outlined the country's expanding renewable sector and scope for targeted investments, while the Norwegian side signalled interest in identifying projects for long term collaboration. The ministers also discussed mechanisms to accelerate technology transfer and capacity building in areas such as rare earth value chains.

Stoltenberg informed Sitharaman that Norway anticipates a forthcoming visit by Prime Minister Narendra Modi later in the year, and the ministers expressed the view that the visit would further expand bilateral cooperation. They signalled intent to follow up with technical and ministerial level exchanges to translate broad commitments into concrete projects. Observers noted that the dialogue aligns with broader global trends towards a green transition and responsible resource processing.

The discussions, reported by press agencies, reflect a mutual interest in combining Norway's investment capacities with India's demand for clean energy and industrial processing. Both governments agreed to maintain momentum through working groups and to explore pilot initiatives in the stated domains. The outcome is expected to inform future cooperation under TEPA and related investment channels.

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