India stands as one of the largest and most dynamic solar markets globally, with many European companies establishing a strong presence in the country. While European solar manufacturers bring valuable expertise, including on-site support, high-yield performance, and reliable customer service, India has proven its capability in developing a robust domestic manufacturing market.
In response, SolarPower Europe and NSEFI have signed a memorandum of understanding (MoU) to deepen EU-India cooperation and diversify solar supply chains. Their collaboration will focus on identifying business and financing opportunities for manufacturing projects, while promoting knowledge exchange and capacity building between the two regions. The associations will also work together on regulatory matters, supporting each other in addressing market access issues for solar equipment and engaging with policymakers to explore opportunities that will strengthen EU-India solar manufacturing cooperation.
Embedded in the India-EU Clean Energy and Climate Partnership
The MoU aligns with the India-EU Clean Energy and Climate Partnership (CECP) and supports the recent commitment by President Modi and European Commission President Ursula von der Leyen to strengthen India-EU cooperation on clean energy and supply chains.
SolarPower Europe: High potential of European PV manufacturers
Máté Heisz, Chief Operating Officer at SolarPower Europe: “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.”
TÜV Rheinland: Increasing requirements for solar modules
“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”, Subrahmanyam Pulipaka, Chief Executive Officer at NSEFI , said.
SolarPower Europe: New export initiative for European-made solar products
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, among them India. (hcn)
