Canada-India Strategic Energy Partnership Brief
Canada and India have reached a strategic energy partnership and reset diplomatic relations during Prime Minister Mark Carney’s visit to India, the first bilateral visit by a Canadian Prime Minister since 2018. The partnership, aiming to diversify trade and strengthen energy security, includes a series of deals covering nuclear energy, renewables, hydrogen, critical minerals and more.
At the core is a C$2.6bn uranium supply agreement between Canada’s Cameco and India’s Department of Atomic Energy. Cameco will supply nearly 22 million pounds of uranium to India from 2027 to 2035 to support its expanding nuclear fleet. The two countries will also cooperate on small modular and advanced reactors.
In renewables, India and Canada signed an MoU to collaborate on solar, wind, biomass, energy storage and capacity building. Canada will join the International Solar Alliance and upgrade to full membership in the Global Biofuels Alliance. For hydrogen, Simon Fraser University and India’s Hydrogen Association signed an MoU for joint research and technology development. A separate MoU will support joint research on advanced CCUS technologies.
The two sides also agreed to cooperate on critical minerals value chains, covering exploration, mining, processing and technical exchange, to secure materials for renewable energy and advanced manufacturing.
Beyond energy, they committed to concluding a Comprehensive Economic Partnership Agreement by the end of 2026, targeting $50bn in bilateral trade. They will also intensify engagement on LPG to reach Canada’s first long-term LPG deal with India and cooperate on LNG to meet India’s growing gas demand.
Commercial agreements worth over C$5.5bn were announced, including metallurgical coal sales, industrial technology orders and wastewater treatment equipment supply. Additionally, the Canada-India Talent and Innovation Strategy was launched, with 13 university partnerships, scholarships and AI research collaborations.
The partnership follows years of diplomatic strain, driven by geopolitical shifts and the need to diversify energy partnerships. India seeks to reduce energy import dependence and expand clean energy, while Canada aims to strengthen its role as a reliable energy supplier. Uranium deliveries will start in 2027 as the two countries move to implement the agreements.