• Germany's news in English
 
app_header_v3

Great green energy hope for Germany and India

The Local · 6 Sep 2012, 10:10

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

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)

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
Air Berlin to cut 1,200 jobs and halve airline fleet
Photo: DPA.

Struggling Air Berlin, Germany's second-largest airline, announced on Wednesday a major restructuring plan that shrinks its fleet and cuts 1,200 jobs.

Germany's 10 most Instagram-able places
Photo: Thomas Wolf/Wikimedia Commons.

From stunning chalk-white cliffs to fairy tale castles, Germany has some breathtaking sights to see, perfect for social media.

Train evacuated as passenger flips out during ticket check
Police at the scene in Leipzig. Photo: DPA

A regional train was evacuated in Leipzig on Wednesday after a passenger became aggressive during a ticket inspection.

Man arrested in Wuppertal as part of Spanish Isis raids
Police detain the suspect in Wuppertal. Photo: DPA

Police have arrested five suspected members of an Isis cell in Spain, Belgium and Germany that spread propaganda for the group online, the Spanish interior ministry said Wednesday.

Germans cut home energy usage by six percent in a year
Hamburg at night. Photo: DPA

The Energiewende is the German government's ambitious policy of drastically reducing carbon emissions. New figures show one remarkable success.

Merkel party MP under fire for using Nazi propaganda term
Bettina Kudla. Photo: Büro Bettina Kudla MdB/DPA.

A member of Angela Merkel's conservative CDU party is in hot water after tweeting over the weekend a Nazi propaganda term in her criticism of the country’s refugee policies.

Govt denies planning bailout for troubled Deutsche Bank
Photo: DPA

Germany's finance ministry on Wednesday said the government was "not preparing rescue plans" for Deutsche Bank, denying a newspaper report that state aid was being considered for the embattled lender.

Munich at high risk of housing bubble: report
A view of Munich. Photo: Pexels.com

Considering buying property in Munich? This report might make you think twice.

After fatal hail storm, south Germany set to see sun
The hail storm in Baden-Württemberg on Monday night left the streets looking like a winter landscape. Photo: DPA.

A hail storm in southwest Germany on Monday night led to the death of one woman, but forecasters predict a bit more sun in the days to come.

Police shoot dead father who attacked daughter's abuser
Police at the scene of the shooting in Berlin. Photo: DPA.

Berlin police on Tuesday night shot and killed the father of a young girl at a refugee home as he tried to attack a man who allegedly sexually abused his daughter.

Sponsored Article
The Inner Circle: the secret to dating in Berlin
Lifestyle
15 pics that prove Germany is absolutely enchanting in autumn
Sponsored Article
Why Jordan is the ‘Different’ East
Lifestyle
10 German films you have to watch before you die
Lifestyle
6 things about Munich that’ll stay with you forever
Lifestyle
10 pieces of German slang you'll never learn in class
Sponsored Article
Retiring abroad: ensuring your health is covered
National
Seven great reasons to stay in Germany this September
National
Ouch! Naked swimmer hospitalized after angler hooks his penis
National
Six reasons why Berlin is now known as 'the failed city'
National
15 tell-tale signs you’ll never quite master German
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Culture
7 American habits that make Germans very, very uncomfortable
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Sponsored Article
The Inner Circle: the secret to dating in Berlin
Culture
Eleven famous Germans with surnames that'll make your sides split
Lifestyle
The best ways to get a visa as an American in Germany
Gallery
Germany's 17 Olympic gold medals in pictures
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
International
German scientists prove birds can sleep while flying
Technology
London v. Berlin: Which is better for startups?
Lifestyle
13 mortifying mistakes German learners always make
Travel
Enter if you dare: Berlin's best abandoned haunts
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
6,545
jobs available
Toytown Germany
Germany's English-speaking crowd