DI Analysis: Indian Energy Transition with Danish engagement
India and Denmark are both committed to green transition with ambitious national targets. With the Green Strategic Partnership, a close and comprehensive cooperation with enormous potential is established to combat climate change. As Prime Minister Modi has stated: ‘Denmark has the skills, and India has the scale’.
Ambitious green goals as the 3rd biggest emitter
India is the world’s largest democracy and will soon be the world’s most populous country. Ranking as the third biggest CO2 emitter, the Indian government has set ambitious goals for development and integration of renewable energy. By 2030, India strives to reach 450 GW. In comparison, Denmark has 10 GW at present.
Green Strategic Partnership – combining skills and scale
With the Green Strategic Partnership, Denmark and India have agreed to strengthen the Indo-Danish relations. A unique partnership is taking shape with synergies of great value combining Denmark’s world leading expertise and experience within green transition with the impressive scale, ambition and competence of India.
India ranks 18 among export markets for Danish energy technology with growth ahead
Danish exports of energy technology to India constitutes 1 % of total Danish exports of energy technology – making India the 18th export market for Danish energy technologies in 2021, climbing up from 22nd in 2020. Within the framework of the Green Strategic Partnership, the green trade between Denmark and India is expected to flourish.
Significant Danish investment in production capacity in India
The commercial relations between the two countries are well-founded. More than 120 companies with Danish origin are already established in India, employing more than 200.000 people. Large companies such as Grundfos, Danfoss, Siemens Gamesa Renewable Energy, Vestas, LM Wind Power and FLSmidth have set up manufacturing and development centers in India over the years and continue expanding. More companies, including SMEs are following.
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