India-Norway Business Summit 2019Oil & gas upstream Wind energy Energy systems
On the occasion of Prime Minister Erna Solberg's official visit to India 6-9 January 2019, Norwegian Energy Partners will, in cooperation with Innovation Norway, be hosting energy industry sessions in New Delhi, India from 7-9 January 2019. NORWEP partners are invited to be part of the energy industry business delegation.
India is an economy in growth, doubling every ten years. According to analysts, the country will be the world's third largest economy by 2050, and the workforce grows by 14 million a year. This implies great opportunities for Norwegian companies, who look to India's energy industries such as oil and gas, marine and maritime.
The Delegation Programme encompasses on a number of industries, and NORWEP will focus on the following:
- Norwegian competence in Oil & Gas
Renewable energy capabilities from Norway
The Indian government is running one of the largest and most ambitious renewable energy capacity expansion programs in the world, supporting the booming power demand. India set a target of achieving 40% of its total electricity generation from non-fossil fuel sources by 2030. As of today roughly 33% of the Indian power generation capacity is renewable. There is a strong demand for new hydropower, solar and wind energy capacity.
The Government has developed an offshore wind strategy to build 5GW of offshore wind till 2022 and 30 GW by 2030. 34 international potential bidders have expressed interest in the first offshore wind
energy project of 1 GW capacity in Gulf of Khambhat, off the coast of Gujarat. Draft RFP is published and a national tender expected to be released before Christmas. India has a strong wind industry, but lacks the offshore expertise. International suppliers will therefore be in demand to help build offshore wind capacity in India.
This is an opportunity for NORWEP partners to meet relevant energy industry representatives of the Indian market - including oil & gas operators; and regulators and developers within offshore wind.
For details concerning NORWEP's sessions: