During the bilateral talks on the sidelines of the G20 Summit in Rio de Janeiro, India and Australia launched the Renewable Energy Partnership to strengthen investment in renewable energy. The partnership, focusing on areas like solar PV, green hydrogen, and energy storage, aims to boost two-way investment and skills training for the renewable energy workforce. Australian PM Albanese expressed delight in the partnership and highlighted its significance for both countries. One of the key projects under this partnership is the establishment of the India-Australia Rooftop Solar Academy, aiming to train 2000 young Indian technicians on solar PV. The leaders also discussed the increasing two-way trade and business engagements following the India-Australia Economic Cooperation and Trade Agreement. On defense cooperation, Australia and India plan to renew and enhance their Joint Declaration, emphasizing their growing defense and security ties. The leaders expressed a commitment to deepening maritime security collaborations and strengthening bilateral economic relations through mutually beneficial agreements.