• Germany's news in English

Great green energy hope for Germany and India

The Local · 6 Sep 2012, 10:10

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

Facebook Twitter Google+ reddit

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.

Story continues below…

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)

Facebook Twitter Google+ reddit

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
Student fined for spying on women via their webcams
Photo: DPA

Student from Munich fined €1,000 for spying on 32 different computers, using their webcams to take photographs, or record their keyboard history.

This is how much startup geeks earn in Germany
Photo: DPA

A comprehensive new survey of 143 startup founders shows how much you are likely to be earning at a German startup, from entry level all the way up to sitting on the board.

Man dies after beating for peeing near Freiburg church
The Johannes Church in Freiburg. Photo Jörgens Mi/Wikipedia

A middle-aged man from southern Germany has died after being attacked by a group of men who took umbrage with the fact he was urinating in the vicinity of a church.

The Local List
Seven German celebrities with uncanny doppelgängers
Former Berlin mayor Klaus Wowereit and actor Alec Baldwin. Photo: DPA; Gage Skidmore, Wikimedia Commons

Check out these seven look-a-likes of well known German figures - we admit that some are more tenuous than others...

Israel seeks to buy three new German submarines: report
A Dolphin class submarine. Photo: DPA

Israel is seeking to buy three more advanced submarines from Germany at a combined price of €1.2 billion, an Israeli newspaper reported Friday.

Here’s where people live the longest in Germany
Photo: DPA

Germans down south seem to know the secret to a long life.

More Germans identify as LGBT than in rest of Europe
Photo: DPA

The percentage of the German population which identifies as lesbian, gay, bisexual or transgender is higher than anywhere else in Europe, according to a new study.

'Reichsbürger' pair attack police in Saxony-Anhalt
File photo: DPA.

A "Reichsbürger" and his wife attacked police officers on Thursday, just a day after another Reichsbürger fatally shot an officer in Bavaria.

Five things not to miss at the Frankfurt Book Fair
Photo: DPA

From consulting a book doctor to immersing yourself in an author's world with the help of virtual reality, here are five things not to miss at this week's Frankfurt Book Fair, the world's largest publishing event.

Parents who don't get nursery spot for kid entitled to pay
Photo: DPA

The Federal Court of Justice (BGH) ruled on Thursday that parents whose children don't receive placements in nursery care are entitled to compensation.

Sponsored Article
How to vote absentee from abroad in the US elections
10 things you never knew about socialist East Germany
Sponsored Article
Last chance to vote absentee in the US elections
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
Sponsored Article
How to vote absentee from abroad in the US elections
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd