Germany and India Strengthen Renewable Energy Goals at Indo-German Series

The German Embassy in New Delhi, as part of the Indo-German Partnership for Green and Sustainable Development (GSDP), will hold a significant discussion titled 'Financing the Renewable Energy Revolution.' The GSDP Conversation Series explores the political, financial, and social dimensions of India's renewable energy objectives, promoting Indo-German collaboration, according to a press release from the German Embassy in India.

India is working towards an ambitious goal of achieving 500 GW of renewable energy capacity for electricity generation, along with 125 GW for green hydrogen production by 2030. As the nation steps up as a key player in the global push to triple renewable energy capacity by 2030, this edition of the GSDP Conversation Series will delve into the financial investments, political frameworks, and social initiatives necessary to support this transition, according to the press release.

Reflecting on Germany’s long-standing commitment to renewable energy, Uwe Gehlen, Head of Development Cooperation, German Embassy, New Delhi, said, “Germany has a long-standing commitment to renewable energy, grounded in our early decisions to innovate and take risks in developing sustainable technologies. I can say for sure that we are just a call away! Our partnership with India is not just about technology transfer; it is about supporting India’s leadership, along with other countries, in this global energy transition. By sharing our expertise, fostering regulatory frameworks, and building local capacities, we aim to catalyze a rapid shift towards sustainable energy, leveraging our combined strengths for a cleaner, more resilient future”.

Dr Ajay Mathur, Director General of the International Solar Alliance (ISA), further highlighted the importance of global cooperation in accelerating clean energy deployment. He said, “The partnership between India and Germany is a powerful example of how global cooperation can drive the clean energy agenda forward. India’s leadership, in collaboration with Germany, can significantly accelerate the deployment of renewable technologies like solar, ensuring accessible and affordable energy for all. By leveraging our joint expertise and platforms like this, we can build momentum to achieve our shared goals of a sustainable and resilient energy future”.

The event will showcase prominent speakers, including senior officials from the Indian Ministry of New and Renewable Energy (MNRE). The discussions will span various topics, such as boosting international cooperation, mitigating risks in renewable energy investments, promoting social inclusion through skill development, and reinforcing political commitments to meet the mutual objectives of the Indo-German partnership, according to the release.

This event is a precursor to RE-INVEST 2024, India’s premier platform for showcasing its renewable energy potential to the world. The outcomes of this conversation will be discussed during the dialogue at RE-Invest, laying the groundwork for substantial investments and collaborations in India’s renewable energy sector.

The event will include notable speakers, such as Uwe Gehlen, Head of Economic Cooperation and Development in India, along with senior officials from the Indian Ministry of New and Renewable Energy (MNRE). Discussions will address a broad array of topics, including strengthening international cooperation, reducing risks in renewable energy investments, promoting social inclusion through skill development, and bolstering political commitments to fulfill the joint objectives of the Indo-German partnership.