KfW to Provide 100 Billion Euros to Aid German Energy Transition
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Germany’s state-owned lender KfW Group will provide more than 100 billion euros ($137 billion) over the next five years to ease the country’s transition from nuclear power to renewable-energy generation.
KfW will boost loans and guarantees for solar plants and wind farms and set up low-interest lending programs for building efficiency, regional power-grid growth, energy-storage projects and clean fossil fuel-fired generators, it said today.