<div><strong>By Simar Singh</strong></div><div> </div><div>Chancellor Angela Merkel announced Berlin’s willingness to give the Indian administration 2 billion euros ($2.25 billion)to assist in the development of a clean energy corridor and solar projects. </div><div> </div><div>“We have agreed on Indo-German Climate and Renewable Alliance with a long term vision and a comprehensive agenda of cooperation. I place great value on Germany’s assistance of over one billion Euros for India’s Green Energy Corridor and a new assistance package of over a billion euros for solar projects in India,” said Prime Minister Modi. </div><div> </div><div>The Indo-German Climate and Renewable Alliance will fall under the Indo-German Energy Forum which was set up in 2006 to promote energy dialogue between the two nations.</div><div> </div><div>This announcement comes ahead of the Paris climate change conference in December. In the joint statement, Germany welcomed India’s submission of its intended nationally determined contribution to the Paris Agreement.</div><div> </div><div>Furthering the renewable energy cooperation, the two countries signed two loan agreements worth 125 million euros to finance two projects under the Green Energy Projects (GEC) programme. 57 million euros have been allotted to the project in Himachal Pradesh and 68 million euros to Andhra Pradesh.</div><div> </div><div>With the Green Energy Corridors, the intra-State network is expected to feed the energy generated through its renewable projects to the respective state grids and high capacity transmission corridors. The interstate network will then connect major renewable energy pockets with the national grid. </div><div> </div><div>Renewable Energy was even one of the key areas of cooperation between Germany and India that was previously announced when the prime minister had visited Hannover in April.</div><div> </div>
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