The ministry of new and renewable energy (MNRE) has cemented the international cooperation with United States and Germany to establish country’s own “Green Energy Corridors”. The MNRE officials recently have been involved in budding new relations with the developed countries for collaboration for supplies of renewable energy products, devices and systems.
The giant German financial institution kfW already has agreed to provide 1 billion euro on loan under the agreement. This was the result of the “Joint Declaration of Intent” between Germany and India during the Indo-German Development cooperation which was signed on April11, 2013.
Additionally, a memorandum of understanding between India and US has been recently signed for promoting energy access through clean energy (PEACE), which aims at mobilising $250 million for the development of clean energy. The European Union (EU) is also aiding the Centre for Wind Energy Technology (C-WET), Chennai for efficient wind generation system.
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