05/10/2015 4:06 PM IST | Updated 15/07/2016 8:25 AM IST

Germany Offers $2.25 Billion To India For Solar Energy Projects

Michael Gottschalk via Getty Images
NEW DELHI, INDIA - OCTOBER 05: German Chancellor Angela Merkel and India's Prime Minister Narendra Modi during German India Government consultations on October 05, 2015 in New Delhi, India. Merkel is on a three day visit to India which will see her boost already strong ties with the country, as Germany continues to be India's most imporant European trading partner. (Photo by Michael Gottschalk/Photothek via Getty Images)

NEW DELHI - Germany will provide India with more than 2 billion euros ($2.25 billion) for developing a clean energy corridor and solar projects, Indian Prime Minister Narendra Modi said on Monday after talks with German Chancellor Angela Merkel.

Modi has made ambitious renewable energy targets a key part of his development agenda and climate change mitigation commitments ahead of a landmark international summit in Paris at the end of this year.

"I admire German leadership in clean energy and commitment to combating climate change," Modi told journalists after meeting Merkel, who was on a three-day visit to India.

($1 = 0.8873 euros)

(Reporting by Douglas Busvine; Writing by Frank Jack Daniel)

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