Germany and India have strengthened their
cooperation in the renewable energy sector following German Chancellor
Angela Merkel’s recent visit to India. Germany announced
that it would offer India financial assistance of €1 billion for the
implement of the ambitious green energy corridors project — a network of
transmissions lines dedicated to carrying power generated from
renewable energy projects across India.
However, it was not immediately
clear if this assistance is in addition to the €1 billion loan from KfW
that had been announced last year. In December last year, KfW signed loan
agreements worth €500 million with the Power Grid Corporation of India
for construction of new power lines. The bank also signed contracts
worth €125 million for the expansion of transmission lines in the states
of Rajasthan and Tamil Nadu, both rich in renewable energy resources
and leaders in terms of installed capacity.
The Power Grid Corporation of India has already started work on the green energy corridors
project, having operationalised the second phase of the green corridor
program, and allocated a transmission project in Andhra Pradesh, while
completing the tendering process for projects in Madhya Pradesh and
Karnataka. All these states have completed multiple auctions under their
respective solar power policies.
The green energy corridors are essential
to making the ultra mega solar power projects successful. The Indian
government is planning to set up 25 large-scale solar power projects
with cumulative capacity of 20 GW. These projects would have capacity of
up to 4 GW, making them among the largest power projects in the country
across conventional and renewable energy technologies.
Transmission of power from renewable
energy projects is also essential to achieve the national target of 15%
renewable energy share in power consumption by 2022. India has set a target
to have installed renewable energy capacity of 175 GW by 2022 and
around 350 GW by 2030, accounting for 40% of the total installed power
capacity.
http://cleantechnica.com/2015/10/07/germany-offers-india-e1-billion-renewable-energy-grid/
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