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When German Chancellor Angela Merkel and Prime Minister Narendra Modi met in October 2015 in New Delhi for the 3rd Intergovernmental Consultations (IGC), another significant bilateral milestone was achieved: 18 agreements and MoUs were signed. The Indian prime minister called Germany “a natural partner” and acknowledged that German strengths and India’s priorities are aligned. Germany actively supports India’s ambitious renewable energy target of 40 per cent by 2030, with solar energy set to play a leading role in this transition to clean energy. Germany pledged around 1 billion euros (INR 7,300 crore) over the next 5 years to develop solar projects under the Indo-German Solar Energy Partnership.
Earlier the focus in the Indian renewable energy sector was only on power generation. Recognising that transmission infrastructure was needed to increase the share of renewables, the Indian government came up with the Green Energy Corridors (GEC) project. This initiative facilitates the transfer of power from renewable energy-rich areas to other parts of the country. Since 2013, Germany has allocated 1.15 billion euros to support the integration of renewable energy in the transmission network, ensuring a more sustainable energy supply in India.
- An Indo-German Climate and Renewables Alliance was forged to harness technology, innovation and finance in order to make affordable, clean and renewable energy accessible and to foster climate change mitigation efforts.
- Germany pledged an additional 400 million euros, over and above its commitment of 1.15 billion euros, for the Green Energy Corridors project which focusses on facilitating the flow of renewable energy into the national grid.
- Under the Indo-German Energy Forum (IGEF), a working group on climate change was launched to regularly discuss climate policy and exchange views on the transition to low-carbon economies.
- Both countries underlined the importance of climate finance and emphasised the commitment by developed countries to mobilise USD 100 billion per year by 2020 to support climate change action in developing countries.
- India and Germany will work together to develop and implement solutions that strengthen climate-friendly urban development through initiatives in energy transition, urban mobility and energy efficiency.