MoU between India and Germany for Solar Energy

03-Dec-2015 #Policy News Source: Business Standard

The government has approved a Memorandum of Understanding (MoU) that was signed between Indian and Germany in October, 2015 to expand bilateral cooperation in the field of solar energy. As per the agreement, Germany will provide concessional loans up to $1 billion over the next five years through Kreditanstalt fur Wiederaufbau (KfW) which will be utilized for providing soft loans to the end-users through partner banks.

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