German State Lender Plans to Double Investments in India's Energy and Infrastructure Sectors
Key Ideas
- KfW's unit, DEG, aims to increase investments in India to $1 billion, focusing on energy and infrastructure projects.
- India has added 10 GW of renewable power capacity, with a total of 153 GW, and aims for 500 GW of clean energy by 2030.
- DEG plans to invest in renewable energy, financial sectors, and infrastructure projects, with future focus on green hydrogen and power transmission.
- Germany's commitment to help India achieve climate goals includes investments, with DEG having had successful exits on investments in India.
German state lender KfW's unit, DEG, is planning to more than double its investments in India to $1 billion over the next few years. The focus will be on the country's energy and infrastructure projects. India, with 153 GW of total renewable power capacity, aims to add 500 GW of clean energy by 2030 to reduce emissions, attracting investments like those from DEG. DEG is actively looking at commercial and industrial renewable energy investments, with upcoming emphasis on green hydrogen and power transmission. The investments align with Germany's commitment to help India achieve its climate goals. DEG has already seen success with investments in India, although specific details on returns were not disclosed.
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Renewable Energy
Clean Energy
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Climate Goals
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