India and Germany confirm strong partnership in expansion of Renewables
In the presence of the Minister of State for Power, Coal, New & Renewable Energy and Mines, Mr Piyush Goyal and Dr. Martin Ney, German Ambassador to India, an agreement on technical cooperation under the 'Indo-German Energy Programme - Green Energy Corridors (IGEN-GEC)'.
The main objective of this program is to improve the conditions for grid integration of renewable energy and energy efficiency in India.
Minister Goyal underlined the joint interest of India and Germany to increase the share of Renewables in India and to improve market mechanisms and regulations. He added that Germany is a reliable and longstanding partner with remarkable experience in the implementation of renewable energy.
German Ambassador Dr. Ney emphasized the successful and dynamic collaboration with the Indian partners. Germany and India are facing the same challenges: having to cope with growing energy needs and having to find the right energy mix while honouring their environmental commitments.
Dr. Ney added that the project is a significant milestone in achieving the set target of 175 GW renewable energy generation capacity by the end of 2022 in India.