The governments of India and Iceland have singed a memorandum of understanding to work jointly for developing technologies for renewable energy.

Ministry of New and Renewable Energy signed the memorandum today with Iceland. According to the understanding, both the countries will decide upon project proposals related to design and development of various new and renewable energy technologies.

They will also identify areas of mutual interest and cooperation for developing systems, sub-systems, devices, components for generating renewable energy, an official release said.

Minister of New and Renewable Energy Vilas Muttemwar led a delegation to Iceland in June 2006. During that visit both sides agreed to explore cooperation in the areas of geothermal, hydrogen and fuel cells and wind energy.

Iceland and India cooperates in hydrogen and fuel cells under the forum of International Partnership for Hydrogen Economy (IPHE).

Icelandic side will be fielding a trade delegation next month to establish industry level contacts in renewable energy, the release said.