The outlook for India’s clean energy economy appears bright, reports Mukta Patil in Business Standard.
India could generate over 300,000 jobs in the solar and wind industry, if the country meets its 2022 target of 160 GW. According to an analysis by the Council on Energy, Environment and Water (CEEW) and the Natural Resources Defense Council (NRDC), the number of workers employed in the renewable energy sector will more than double in just a few short years. Wind and solar currently account for almost 14% of India’s installed power capacity and about 5% of the world’s renewable-energy capacity.
Rooftop solar is expected to drive most of India’s renewable job growth; however, this particular sector faces several challenges. Despite strong incentives and subsidies from the Indian government, the analysis suggests that the country must improve its rooftop solar policies and workforce training to achieve its targets. The study also finds that India could create 45,000 additional jobs through solar manufacturing if the country can compete with imports from other countries.