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The Renewable Push : Germany Offers USD 2.25 Billion for Clean Energy

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German will provide India more than 2 billion euros (USD 2.25 billion) for developing a clean energy corridor and solar projects, Indian Prime Minister Narendra Modi said on Monday after talks with Chancellor Angela Merkel. 

Source: ET

SNP Insight

The huge investment offered by Germany in India's Renewable Energy sector comes as a big boost and can certainly help in achieving the target of 175 GW of renewables. It also reflects strong bilateral ties amongst the countries which can be further be useful for exchange of new techologies in the renewable energy projects. However the key for success lies in the fast tracking the overall execution process with due emphasis on every link the renewable value chain.

Source: SNP Infra Research