Currently, the sector is facing a lot of bottlenecks, such as power evacuation, land acquisition, renegotiation, cancellation of PPAs, ambiguity over taxation and duties,' opines Rajendra Parakh, Chief Financial Officer, Vikram Solar.
Solar sector has seen a renewed focus over the last few years and with just four years to go [by 2022] for the target of 100 GW, what kind of employment opportunities do we see in the sector?
In India, the solar industry has created 416,000 jobs in 2015 and 1,017,800 jobs are expected to be created by 2022. New projects, more investment, policies like Surya Mitra Skill Development and encouragement from the government will create more job opportunities. According to studies, 1 GW of solar installation creates approximately 5,000 jobs (starting from manufacturing to the execution of the project).
Which are the core segments that will see the creation of jobs?
Business development, design and pre-construction, construction and commissioning, operations and maintenance are the primary areas where the Indian solar sector will require resources. Currently, the sector is facing a lot of bottlenecks, such as power evacuation, land acquisition, renegotiation, cancellation of PPAs, ambiguity over taxation and duties. This is creating panic among investors, as
they are worried of being caught at wrong financial positions. As a trickle-down effect of these bottlenecks, job opportunities are getting hampered. The solar sector requires policy consistency.
Since electricity is a concurrent subject, what kind of challenges do we see in the adoption of solar power and in the creation of jobs?
It is easy to understand that the growth of solar will create a demand for skilled resources, which will create jobs. Currently, the challenges we face are:
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