During the virtual mission you will learn more about the developments and opportunities surrounding the transition to sustainable energy in India. The focus is mainly on electric transport and the production of renewable energy.
For whom?
The mission is only open to companies and knowledge institutions that are active in the following subsectors:
Electric transport
Transition to renewable energy
- reducing CO2 emissions from fossil fuels (decarbonisation of the economy)
- energy saving
Renewable energy production based on:
- Solar
- hydrogen
- biofuels
Energy sector in India
The Indian energy sector is one of the broadest sectors in the world. Nevertheless, the energy mix consists largely of fossil fuels (70%). The country mainly uses traditional resources such as coal, natural gas, oil and nuclear energy.
India imports most of it (53%). On the other hand, the share of renewable energy is growing rapidly, as is the energy consumption in households. Energy security is hugely important to India's future. That is why the country would like to invest in energy solutions.
Opportunities
India's energy needs will double between now and 2030. Electricity needs will even be 3 times as great. This is because the economy, population and cities are growing.
About 300 million people in the country have limited or no access to electricity. About 50% of people still use biomass to generate energy.
Fossil fuels are not good for the environment and the economy of India. That is why Indian sectors must switch to more sustainable energy. This transition is part of a strategy of the Indian government to reduce CO² emissions. Government think tank NITI Aayog is developing this strategy.
The Indian government has set ambitious renewable energy targets. As a contribution to the Paris climate agreement, it wants to be able to generate 175 GW by 2022. In 2030 this should be 500 GW. The ultimate goal is to run India completely on clean energy. To make that possible, the energy sector in India is now undergoing major changes. This also changes the infrastructure of the sector.
Since India has a varied landscape, it has many renewable energy sources:
- solar energy
- wind energy (onshore and offshore)
- Hydropower
- biomass
- household and industrial waste
Since 2014, the Indian government has already invested more than $ 42 billion in the country's renewable energy sector. With these investments, these favorable policies and these stimulus measures, the government wants to stimulate investment by Indian and foreign companies. However, the main problem remains the lack of knowledge.
What can you expect
During this mission you will learn more about the Indian energy market. You will also discover how the Indian government intends to tackle challenges in this sector. Dutch companies that are already active in India share their experiences. You will also come into contact with Indian organizations and companies.
