NEW DELHI: Two agreements have been signed between India and France to foster the development of renewable energy innovations in the country, such as high-efficiency solar panels, power storage, e-mobility and smart grid management.

French Minister Brune Poirson signed two cooperation agreements between the French Development Agency (AFD), the French Alternative Energies and Atomic Energy Commission (CEA), Bollor lue-Solution and their Indian partner, Solar Energy Corporation of India (SECI), according to an official statement Thursday.

These agreements will foster the development of renewable energy innovations in India, such as high-efficiency solar panels, power storage, e-mobility and smart grid management, it said.

Poirson also visited the French stand at the RE-Invest Expo at the India Expo Mart, Greater Noida to highlight the participation of French companies and encourage them. Major French companies are particularly present in the renewable energy sector in India, such as EDF, Engie, Schneider Electric, as well as SMEs and midcaps, such as Technique solaire, which is currently developing its second solar park in Maharashtra, ECM-SEMCO, which produces solar panels; and Navalt, which produces solar-powered boats.