MILAN, Feb. 15 (Class Editori) — Italy is India's strategic energy partner. This goal has been achieved to the satisfaction of the Ambassador of Italy to India, Vincenzo de Luca. It was made official during the bilateral meeting at the G20 in Rome on October 31, 2021, with a joint statement by Prime Ministers Mario Draghi and Narendra Modi.
Its scope is the 2020-2024 Action Plan for the improvement of the economic partnership between the two countries, which, for what concerns energy, has seen the adhesion of Italy to the International Solar Alliance promoted by India.
The Subcontinent's market has great potential for Italian companies in the sector. In fact, India needs to increase its industrial capacity also because its urban population will increase by 200 million units in the next 20 years. These are all elements that confirm the forecasts of a doubling of energy demand in the long term, while at the same time having the need to respect the commitments made at a global level for sustainable growth.
At the UN Climate Change Conference COP26 in Glasgow in November 2021, the Indian Prime Minister Modi indicated important medium-term goals on the long roadmap that sets India's achievement of climate neutrality to 2070 (10 years after China and 20 years after the US and the European Union).
By 2030, India wants to reach 450 gigawatts of installed capacity from renewable sources, equal to 50% of the national energy mix, and to reduce carbon intensity by 45% compared to 2005 levels.
According to recent reports, activities related to the energy transition in India will create 50 million jobs, with an impact on GDP of 1 trillion dollars by 2030 and 15 trillion dollars by 2070.
These are very ambitious challenges for a huge country like India, with an average population age of 28, and which must grow while facing a significant transformation of the energy mix.
Progressive de-carbonization and larger use of diversified, renewable sources; sustainable mobility, with a circular approach and alternative technologies, not only EVs, on which India has an ambitious plan, but also green fuels: hydrogen, biomethane, second-generation bioethanol, waste biofuels.
Electricity grids; waste management (recyclable plastic and conversion of non-recyclable into methane); finally, livable and sustainable smart cities following a logic of circular economy: design, materials, energy, emissions.
Energy will be crucial next February 17 as well, during the tenth GITA Foundation Day, in which Italy will collaborate with GITA, an Indian research council, similar to the Italian National Research Council (CNR).
On behalf of Italy, besides Vincenzo de Luca — Ambassador of Italy to India — Umberto de Eccher, CEO of Rizzani de Eccher, General Contractor, will also participate, speaking about infrastructures and their sustainability.
In India, Enel Group, Piaggio Group, Snam and Maire Tecnimont are already active in this sector. Enel Green Power is active in wind and solar power, Enel X is active in vehicle intelligence software.
Piaggio Group, owning a significant share of the two and three-wheeler market and offering electric mobility with Ape car models, operates in the development of battery recharging infrastructures as well, in partnership with BP.
Snam has started collaborating with some local companies (Greenko Group, Indian Oil Corporation and Adani Group) on energy transition issues. Maire Tecnimont’s subsidiary NextChem has industrial projects in plastics recycling and fuel production (a biogas plant with the National Institute of Technology in Mangalore).
Next November, the Italy-India TechSummit on Energy Transition and Circular Economy in Delhi is scheduled by the end of 2022 with the most important institutions.
(Source:Class Editori)
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