Denmark’s energy, climate, and utilities minister Lars Aagaard said Denmark can learn from India’s solar tariff reduction and join the green hydrogen future together.

Via e-reverse auctions, India has significantly lowered solar energy tariffs. These auctions set record low solar and wind power tariffs of Rs 1.99 and Rs 2.43 per unit in India.

He noted that Danish enterprises have experience expediting green transitions and cutting energy usage and emissions. He added that Denmark looks forward to negotiating commercial MOUs and agreements with the two administrations.

Danish and Indian enterprises signed seven MoUs at this meeting. These MoUs require ISS and Tata Power to convert all of ISS India’s India-based clients’ portfolios to green energy and assess chances to add Tata Power’s renewable energy products.

SAEL Industries also chose Burmeister & Wain Energy to supply six biomass waste-to-energy boilers.

Stiesdal and L&T signed an MoU to collaborate on floating offshore wind technology in India and abroad and explore the application of Danish solutions and technologies across the business.

Hempel and L&T have signed an Agreement to collaborate on new business ventures and market-ready sustainability and green energy solutions.

Meanwhile, Technological University of Denmark (DTU) and Indian Institute of Technology Bombay (IIT Bombay) have formed a strategic relationship in water and energy to connect researchers and students in both countries and enable industry and government engagement.

Topsoe A/S and HPCL Mittal Energy Ltd (HMEL) are considering expanding their CleanTech partnership under the “Green Strategic Partnership.”

Both companies want to accelerate India’s National Green Hydrogen Mission and Net Zero target by 2070 by working together.