The analysis conducted by the Council on Energy, Environment and Water (CEEW) and the NDRC found that 300,000 Indians could find jobs in the wind and solar industry over the next five years if the country works towards its 2022 target of 160 GW.
Wind and solar energy currently account for almost 14% of India’s installed power capacity.
The industry reportedly employed over 21,000 people in India in 2016-2017 and is expected to employ an estimated 25,000 people more in the same period.
About 64% of India’s population is expected to be in the working age-group of 15-59 years by 2026, according to professional services consultancy Ernst and Young.
It is also likely to have the world’s largest workforce in the world by 2025.
“The green sector, with its employment potential, could absorb a significant chunk,” writes Mukta Patil for Indiaspend.
Attractive career option
India, one among top four job markets in renewables sector.
Patil adds: “In 2016, India accounted for 5% of the world’s renewable-energy capacity, and invested $9.7 billion (Rs 64,990 crore) in the sector, according to the Renewables Global Status Report 2017, released by REN 21, an international non-profit working on renewable energy.”
“Direct and indirect jobs in renewables (excluding large hydropower) reached 8.3 million in 2016, with China, Brazil, the United States, India, Japan and Germany being the leading job markets.
“Jobs continued to shift towards Asian countries, which together accounted for 62% of jobs in 2016, compared to 50% in 2013, according to the International Renewable Energy Agency (IRENA), a global intergovernmental organisation.
“In India, estimated renewable jobs (direct and indirect) in 2016 were 385,000, 4.6% of the global total. Jobs in large hydropower projects (over 10 megawatt), which were estimated to be 236,000, are excluded.”
“The government has shown a very strong desire to drive growth in this (rooftop solar) sector. It is already offering a generous mix of capital subsidies, tax incentives and cheaper debt financing schemes for the sector… All these efforts will fail to produce the desired results unless net-metering policy framework is urgently reformed. International examples show that effective net-metering implementation can increase rooftop solar adoption by as much as 50%,” the analysis said.