The Union Cabinet has approved Memorandum of Understanding (MoU) between India and Spain on India-Spain Cooperation in renewable energy. The MoU was signed in May 2017 at Spain.
The MoU aims at strengthening bilateral cooperation between both countries with the exchange of expertise and networking of information in field of in renewable energy.
Under the MoU, both sides will establish the basis for a cooperative institutional relationship to encourage and promote bilateral cooperation on new and renewable energy issues on the basis of mutual benefit equality and reciprocity. The MoU also envisages establishing a Joint Working Committee (JWG) to review, monitor and discuss matters relation to areas of cooperation.