Globally, RE employed 0.4 million people in 2017
The Government of India has ambitious plans of increasing the percentage of RE in the energy mix of the country. India's target is to achieve 175 GW generation capacity by 2022.
Solar's 1 million job bonanza
From a perennially energy-deficient state with a peak shortage of 14 per cent in 2010 to a peak shortage of less than one per cent in 2018, India has moved miles from the days of energy blackouts and frequent power cuts.
Wind offshore projects are new opportunities
Given the amount of auctions rolled out currently and the expected future auctions for wind, and with the industry's manufacturing prowess, we can confidently say that the currently-set target of 60 GW can be achieved.
Gearing up for 80 GW and beyond
Wind dominates the renewable energy (RE) segment with an installed capacity of over 34,000 MW. The segment, which was once the leader in RE, may lose its sheen as grid-connected solar energy may take over wind in the coming years
In Need of Back-Up
In June 2018, the government has revised the targets for 2022 to increase the solar power capacity to 113 GW from the earlier set 100 GW. Though the industry has the capability to meet this, it is fighting policy-level challenges.
The recent draft amendments by the Ministry of Power for group captive power has not gone well with the captive power players. The amendments are blessings in disguise for state distribution companies (DISCOMs), as it was on their complaints that the government has acted upon.