India’s energy mix is dominated by fossil fuels (70%), of which the large majority is imported (53%). Nonetheless, the share of renewables is growing rapidly.
The energy consumption per capita is low but increasing. The rapid economic growth fuels a rapid growing energy demand. It is widely acknowledged that energy security is key to India’s future growth.
The Netherlands energy mix largely depends on gas. The renewable energy production is increasing and is mainly focussed on biomass, but wind energy (on- and offshore) is also growing fast.
The ministry of Economic Affairs of the Netherlands has signed a MoU with the Indian ministry of New and Renewable Energy (MNRE).
The collaboration primarily focusses on the production of solar PV, given the strengths of the Netherlands in the production equipment for Solar PV and the need of efficiency improvement of the Indian installed PV module manufacturing capabilities.
The expected rapid development of PV in India will require a significant increase in technically qualified human resource availability of an international standard. It is estimated that at the end of the JNNSM period in 2022, the PV industry in India will employ at least 100,000 trained and specialized people, including engineering, management and R&D functions. The government of India plans to train 1,000young scientists and engineers to introduce national and international fellowships for research, to certificate courses for existing engineers and to develop special training courses for technicians.
Some Indian players also express the need for capacity building and training, especially for installation and project management. This may be considered as an opportunity for Dutch players.
Dutch private and development banks may see an opportunity in providing finance to the PV segments where opportunities for companies from Netherlands are the highest. This may come
in the form of export finance, concessionary financing or Compulsory Convertible Debentures(CCD)
Also interesting is the fact that Shell and the Netherlands Science Organisation (NWO) have a major PhD program in the field of computation science for energy. This 45 million Euro program offers 75 Indian students to complete their PhD in the Netherlands. Afterwards they are offered a position within Shell technology centre Bangalore.
For more information on business opportunities for solar PV between India and Netherlands, the RVO has published New Solar PV Business Opportunities Between The Netherlands and India