Germany backs submarine negotiations with India, aims for long-term strategic partnership

April 9, 2024 5:40 PM

Germany backs submarine negotiations with India, aims for long-term strategic partnership

Germany has expressed full support for negotiations between the Indian Navy and the German firm Thyssenkrupp Marine Systems regarding the construction of six new conventional submarines as part of Project 75, the Navy’s submarine procurement initiative. In an interview via email, Germany's Ambassador to India, Philipp Ackerman, said that Berlin is committed to strengthening its business relations with India due to the "increasingly challenging behaviour of India's big neighbour in the North E...

German coalition agrees financing details of hydrogen network

April 5, 2024 10:43 PM

German coalition agrees financing details of hydrogen network

Germany's ruling coalition on Friday agreed a financing mechanism for the country's future hydrogen network, extending a deadline for it to be built by five years to 2037 and offering protection for investors in case of bankruptcy. Many countries are betting on hydrogen, which can be used in part to replace natural gas, as they seek to decarbonise their economies and find ways to absorb intermittent renewable supplies into the power grid. Germany, which was heavily reliant on Russian gas until ...