Piyush Goyal, who visited Berlin, Leipzig and Munich to participate in a number of bilateral and business meetings, informed the German side on India?s tremendous success in auctions, to ensure affordable renewable energy that can also be adopted in Germany by moving away Feed in Tariffs (FITs).
He also explored areas like potential availability of good technical assets in stressed solar companies in Germany, long term funding, grid balancing, electric vehicles development, off grid systems, green energy corridors and long term funding.
He also recommended International Solar Alliance (ISA) Secretariat to hold monthly matchmaking meetings in collaboration with Industry Associations like CII, FICCI etc, which would include German and Indian companies including financing firms.
Goyal also visited the BMW’s Electric Vehicle manufacturing facility near Leipzig which produces their i3 and i8 series of EVs. With a capacity of 30,000 EVs per year, the simple construction of EVs whose body shell, battery and motor are literally glued together.
He also participated in Inter-solar, one of the World’s largest exhibitions for the solar industry. Addressing the gathering, he reiterated India’s resolve to take up the leadership of saving the planet from climate change.