Sony UPX

Sony UPX

The Sweden-India Greentech Alliance, SIBC’s greentech initiative, launched in 2014, provides a community of Swedish expertise with a focus on India. It brings together companies who share a vision for, and experience in, green and sustainable solutions that also provide a commercial edge. SIGTA, as part of SIBC, provides key insights into the Indian green-market landscape through networking events and knowledge exchange. For its next phase of activity, SIGTA will focus on India’s overarching targets under the SmartCities Mission.

India’s rapid move to urbanisation has been in focus for some time now. In 2030 more than 50 per cent of its population will live in cities. Green energy and a market that is open to international competition will increasingly fuel this growth. The numbers are already on the table when it comes to solar energy.

With the entrance of the new government in May, 2014, India’s solar ambition was increased to 100,000 MW by 2022, from the previous 20,000 MW. The first bidding round for solar projects, which will contribute towards this vision, was completed in September 2015. Each state put out bids for between 100 MW – 2000 MW. Every state’s bids were oversubscribed. In Punjab, 500 MW was put on the market. 18 bids were received, that had a cumulative capacity of 1650 MW.

This is good news for two main reasons;

  • International actors dominated the bids.
  • Large players, that had been present in the first round, have come back for more.

This is a strong signal for a new India that is opening its doors to international competition – there is confidence in the markets.

Solar energy is only one chain in the link of India’s urban future. India’s green ambition is now focused on its SmartCities mission. This is the country’s catchall phrase for a vision of urban growth that will balance development and sustainability. Planning, technology, and integrated solutions will be the core drivers of this future.

Increasing pollution, crippling energy deficits, infrastructure that is unable to keep up with the pace of urban migration, and the continuous fiscal pressure of subsidised fuel are triggers for India’s need to go green. SmartCities, India’s future for urban-ecosystems, will tie together multiple targets; Digital India, SmartGrids, Electric Vehicles, Waste Management and Clean India to name a few.

With India’s increased openness to international business development, it is no surprise that competition to enter the Indian market will grow.

Where is the low hanging fruit? What is India looking for? These are the questions that SIGTA will look to answer.