Also contributing to the ambitious goal of achieving a 40% renewable share by 2030 is “make in India,” a campaign promoted by the government to attract companies, investment and technologies.
India is set on becoming a global hub for best-in-class practices in 25 industries, including automotive, clothing, infrastructure and food. However, in order for domestic production to make this quality leap, it needs a lot of energy.
Watchwords: competitiveness and innovation
In India, renewable energy is dealing with a tumultuous development, in which domestic producers and large global companies are engaged. ‘Sustainability and innovation are two key factors to competing in a big market that thinks big,’ says Cuenca.
Enel Green Power began operating in India in September 2015, when it bought the majority share of BLP Energy, a local utility company with three operating wind farms totalling 172 MW in the states of Gujarat and Maharashtra.
The growth prospect is huge, just like the needs that energy can meet, from rural electrification to smart grids for megacities or industry.