(Bank Sarasin) - In its role as a key driver of global economic growth, India is heavily dependent on a secure energy supply. Imported fossil fuels have dominated the energy mix in the past, but this is about to change: the Indian government wants to tackle the existing shortfall in the energy supply and satisfy soaring energy demand increasingly through renewable energies from domestic sources. This target opens up new opportunities for Indian manufacturers of wind and solar technologies. The companies that could benefit from this trend are highlighted in the latest sustainability study from Bank Sarasin, “Renewable energies 2010”.

In the years ahead India will develop into an important market for renewable energies. At times of peak load, there is already a 12% power deficit, and over 300 million people in India have no access to electricity. The Indian government has set itself the target of producing around 20% of its energy requirements from renewable sources by 2020. In the national budget for 2010-11, economic development measures for clean technologies worth around USD 1 billion are envisaged. In FY 2009 newly installed capacity for renewables was 2.33 GW in India, bringing total green energy capacities to 16.8 GW. India is concentrating mainly on solar and wind energy.

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