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Energy: Renewable and Conventional

 

  • India is the world's third largest producer and consumer of electricity. Indian power sector is undergoing a significant change by producing energy from renewable sources. India is running one of the largest and most ambitious renewable capacity expansion programs in the world.
  • The sector has seen more than $42 billion of investment since 2014 and around $7 billion of foreign direct investment (FDI) between April 2000 and June 2018. India´s Renewable Energy to attract $10 billion annually. India is the new hot spot for renewable energy Investors.
  • India is set to remain an attractive destination for investors in clean energy, with the government setting ambitious targets and pursuing several reforms to boost investor confidence. Hence, in 2019, at UN climate summit, India announced that it would be more than doubling its renewable energy target from 175GW by 2022 to 450GW by 2030.
  • Through the Embassy of Denmark in India there are two dedicated government programme with Indian Ministries under implementation by the Danish Energy Agency
  • Strategic Sector Cooperation on Offshore Wind (spatial planning, single window clearances, tendering, grid codes for offshore).
  • India-Denmark Energy Partnership (energy modelling, grid-integration of renewable energy, flexibility of thermal power and electricity markets).
  • India allows 100% Foreign Direct Investment for RE projects to facilitate easy transfer of capital and technology. By 2028, India can see renewable energy investments worth US$ 500 billion.
  • India will need to double its electricity output by 2030 to meet this massive rise in demand, while also honoring its commitment to reduce its carbon footprint by 35% from 2005 levels. This would require roughly half the additional output to come from renewables, which translates to adding 25 GW of renewable capacity annually until 2030.
  • Since, “Clean Energy is a Danish Passion” hence Danish companies could contribute immensely towards achieving the Indian RE sector goals in terms of wind, solar, bio-energy, electric vehicles, charging infrastructure, energy storage, upgrading/strengthening the infrastructure of generation, transmission & distributions systems, grid integration & modernization, improvements in energy efficiency.
  • For more information, please contact: Suresh Mugalivakam Subramaniam, Export Advisor and Head of Energy at sursub@um.dk and Mohan Kumar, Commercial Advisor- Energy at mohkum@um.dk

 

The Trade Council can be contacted Monday-Thursday between 9:00-16:30 and Friday between 9:00-16:00.

 

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Meetings only by prior arrangement.