September 16, 2013
Collaboration and global investments is one aid to India’s wind and solar development. The investment from “Germany to Finance India’s Green Energy Corridors” is to aid in the development of green energy mix. The short term investment of six years into the Green Energy Corridors is a link to a smart grid infrastructure.
Odisha Fast News reported on the interest of Germany to commit “financial and technical assistance to India for the Green Energy Corridors. The Green Energy Corridors project will help in integrating renewable energy into the National grid. It comprises of both inter-state and intra-state schemes for evacuation of power from wind and solar projects.”
This includes Financial Assistance of Euro 250 Million as Reduced Interest Loan. Technical Assistance includes:
(i) Euro 2 million for Indo-German Energy Programme – New component on Green Energy Corridors; and
(ii) Euro 2 million for Integration of Renewable Energies into the Indian Electricity System (I-RE).
The information on the collaboration ” was disclosed during the Indo-German Annual Negotiation meeting held in New Delhi” in July, of this year. Germany has also expressed its willingness regarding concessional loans from KFW of up to one billion euro for financing the Green Energy Corridors project under Indo-German Bilateral Development Cooperation Programme over the next six years.”
The proliferation of good energy is in the integration of the supply chain to commodify its resources for efficiency, lower cost and access, as well as manage the market’s supply and demand.
Energy investments are sharpening the tools for economic and energy development. The term of six years is development and partial implementation financing. Success comes from long-term relationships to leverage the prime investment allowing for unforeseen acts and improvements to yield a positive return.