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Germany promises 1 billion euros for India’s solar projects

PM-Modi-and-German-Chancellor-MerkelGiving a thrust on clean energy, today pledged about one billion euros (Rs 7,300 crore) assistance for India’s solar projects as part of the bilateral cooperation in energy sector.

The joint statement issued after the meeting of Prime Minister Modi and German Chancellor Angela Merkel said both the countries will continue to intensify their cooperation in developing climate-friendly and sustainable solutions for India’s expanding energy needs.
The implementation of Green Energy Corridors Partnership, with an overall German commitment of 1.15 billion euros in the last two years, is progressing well, it said.
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