• Germany edition
 
Great green energy hope for Germany and India
India's First Megawatt Scale Solar Power Plant of India. Photo: DPA

Great green energy hope for Germany and India

Published: 06 Sep 2012 10:10 GMT+02:00
Updated: 06 Sep 2012 10:10 GMT+02:00

As Germany and India mark 60 years of diplomatic relations, and with trade between the two countries booming, a huge opportunity is opening for the countries to cooperate in the renewable energy sector, argues Vijeta Rattani.

Trade between Germany and India is set to top €20 billion this year – no country of the European Union is more important to India for business.

As the Asian giant’s economy continues to grow it creates a seemingly unquenchable thirst for energy – much of which will have to come from renewable sources. And the government is serious about promoting the industry, creating huge opportunities for German industry, seen as a global leader in the field.

The numbers show how much is needed - there are more than 1.2 billion people living in India and a persistent economic growth rate of six to seven percent. The government’s budget report for 2012-13 says India needs to more than double its current installed generation capacity to over 300 gigawatts by 2017 to be able to provide the people and economy with what is needed.

The issue of climate change and reduction of carbon dioxide emissions is firmly on the agenda, leading Indian authorities to look to Germany for cooperation and inspiration.

There are many domestic Indian initiatives, such as the National Solar Mission, established in 2009 to try to tap into the Indian solar power potential of up to 5,000 TWh (terrawatt hours) per annum. And the Indian government is planning to encourage development and attract investment in the renewable field with tax breaks, loans, tax holidays and subsidies for foreign and domestic investors.

Renewable targets still far away

The country has already recorded the fastest growth in renewable energy investment globally, with a 62 percent rise, according to the Renewable Global Status Report, 2012. But renewable energy only accounts for about six percent of Indian power – a far cry from its 2020 target of at least 15 percent. It needs $50 billion in investment for the renewable sector over the coming five years – creating what could be huge opportunities for German firms.

Many German companies are already heavily involved in India, particular in such areas as mechanical engineering, chemicals, automobiles, trading and electric equipment. But there is still a long way to go in the renewable sector.

This is largely due to the fact that the idea of sustainability is not fully established in India, and many bureaucratic and infrastructure hurdles have to be cleared when setting up a company in this field.

Still, the fact is that India’s renewable sector is evolving and growing each day. And the country is making genuine efforts in undergoing a structural shift in its economy towards a green agenda.

Even though the sector can currently be described as volatile and unpredictable, Germany should focus on long-term adaptive and realistic high-tech business solutions to replicate its domestic green success story in India.

Germany is considered a world leader in the renewable sector, and businesses are finding their way to India’s market. It is the obvious partner for India in the energy sector – the two countries must adopt a strategic vision to enable the technical strengths of German science and business to work profitably in the Indian market.

Vijeta Rattani is a DAAD scholar associated with the Jean Monnet Centre for European Studies, Bremen University and PhD student at the Centre for European Studeis, Jawaharlal Nehru University, India.

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

10:21 September 6, 2012 by smart2012
why then did Q cell go bankrupt? i do not understand. Well actually i know, cause all manufacturing will happen in India (and china).. and maybe u will keep a 100 people R&D in Germany, until R&D center will move to the booming market ie India..

If the political agenda is not starting to focus on the right prioritites ie how can we compete with countries like india/china/brazil/turkey (and not on greece), we will continue losing
11:43 September 6, 2012 by Hell low Kitty
That what i`am talking about !!

The australian heiress and billionaire Gina Rinehart is not a woman to pick a fight with and she is right.dump the salaries and wages at home like on the rival countries level work for two Dollars and the market will regulate itself.

Free Markets,Free Enterprise,Freedom for the Companies & Managers.

Because Companys are now personas with humann rights,let them be free.

(Singing) Freeeeeee !!!! Born Freeeeee !!!!!

right smart 2012 ?
09:27 September 8, 2012 by voidplay
This is how the thinking goes in most first world countries.

Let us buy raw materials on the cheap from the third world (using free market and WTO)

Let us sell the finished goods in the third world (using free market and WTO)

Let us keep all the jobs in our homeland because Obama or Merkel says so ( by subverting the free market principles)

I hope China becomes the new Japan so that as an Indian I can atleast get stuff cheap instead of having to jump over hoops and loops just to participate in my own economy (keep your nationalism to yourself).
10:56 November 8, 2012 by honeybeee
Currently it seems india and german's trading relationship connects really well , like german schaeffler ag , in their recent development strategics planning reported it plans to invest 150 million euro (over Rs 1,000 crore) in the next three years in India to set up a manufacturing facility and to expand existing plants.The company, which has three facilities in India at present, is also looking to nearly double the number of its engineers in the country in the next three years.This is really good news for india and promotes their auto industrial development very well .
Today's headlines
April wraps up with stormy week ahead
Lightning over Lake Starnberg, in Bavaria. Photo: DPA

April wraps up with stormy week ahead

The end of April is looking stormy for Germany with hot and cold air mixing and making for wild spring weather over the coming few days, state forecasters DWD said on Wednesday. READ () »

Germany sold €40 million of arms to Russia
Russian troops pictured in March in Crimea. Photo: DPA

Germany sold €40 million of arms to Russia

German arms sales to Russia have come under fire following the crisis in Ukraine. In 2012 Germany sold €40 million worth of rifles, pistols and armoured vehicles to the country. READ () »

Munich to get 'Tetris cube' hotel
Photo: Nieto Sobejano Architects, Berlin

Munich to get 'Tetris cube' hotel

Munich's old city centre is to receive an ultra modern addition to its skyline in the shape of a new hotel dubbed 'the Tetris cube'. READ () »

The Local List
German beer culture in 11 gulps
Photo: DPA

German beer culture in 11 gulps

Wednesday marks the 498th anniversary of Germany's celebrated beer purity law, so in honour of nearly half a millennium of hoppy history, this week's Local List tells some beer truths you may not know. READ () »

Feminist's apartment advert goes viral
Photo: Screenshot/Facebook

Feminist's apartment advert goes viral

Finding accommodation in Berlin is notoriously tricky. But one woman on the hunt might have a particularly hard time of it, with an advert for an apartment so absurd it has gone viral. READ () »

Russian spies step up activity in Germany
The Russian embassy building in Berlin. Photo: DPA

Russian spies step up activity in Germany

Russian spies are increasingly targeting potential informants in German politics and business by taking them out to dinner, according to counterintelligence services. READ () »

Jobless benefits to get leaner and meaner
Photo: DPA

Jobless benefits to get leaner and meaner

The German government is planning a shake-up of the country’s unemployment benefit system, Hartz IV, by introducing stricter rules on claimants in a move which supporters say will cut bureaucracy. READ () »

Germany's oldest woman dies aged 112
Gertrud Henze. Photo: DPA

Germany's oldest woman dies aged 112

Germany’s oldest woman died at the age of 112 on Tuesday. Gertrud Henze was born on December 8th 1901 and joked her long life was down to never getting married. READ () »

Exchange student 'murderer' stays silent
Police search the area near where Gabriele's body was found in October 2013. Photo: DPA

Exchange student 'murderer' stays silent

The alleged murderer of an exchange student in southern Germany stayed silent in the dock on Tuesday on the first day of his trial. READ () »

European Elections 2014
'If Britain goes, Europe is lost'
Hans-Olaf Henkel (r) celebrates the one-year anniversary of the AfD with leader Bernd Lücke. Photo: DPA

'If Britain goes, Europe is lost'

In an interview with The Local, one of the leaders of Germany's eurosceptic party talks about Europe's future, why Britain is a model country and why he will not work with UKIP's Nigel Farage. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Politics
Interview with AfD - 'If Britain goes, Europe is lost'
Photo: DPA
National
Police damage own water cannon with eggs
Photo: DPA
National
Let us start work later after World Cup nights, unions says
Photo: DPA
Society
Crystal meth use hits record level
Photo: DPA
Rhineland
Elderly man taped €200,000 to his genitals
Photo: DPA
Business & Money
What's the unemployment rate in your area of Germany?
Photo: DPA
Gallery
Nine ways to celebrate Easter like a German
Photo: Galerie Bilderwelt
Gallery
World War I in colour photos
Photo: DPA
Society
JobTalk: Why you should teach English in Germany
Photo: DPA
National
330,000 sign up against TV licence fee
Photo: DPA
Hamburg
School kids hospitalized after 'porno' party
Photo: Submitted
Frankfurt
'I'll get even with my old pal Schwarzenegger'
Advertisement:
Photo: DPA
Gallery
Ten great inventions you (probably) didn't know were German
Photo: J. Arthur White
Berlin
Clashes in Berlin as refugees tear down their own camp
Photo: DPA
Gallery
Munich's baby polar bears are finally named
Photo: DPA
Gallery
The 10 best German employers to work for
CurrencyFair
Sponsored Article
Why it pays to avoid banks when making overseas transfers
Mr. Lodge
Sponsored Article
How to find a furnished rental in Munich
Sponsored Article
How to make a lasting impression in business
Hult International Business School
Sponsored Article
What they don't teach you at Business School
Photo: DPA
Society
Nine jobs you can only do in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,051
jobs available
Toytown Germany
Germany's English-speaking crowd