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Renewable Energy
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  • Overview
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  • Overview
  • Sub-sectors
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  • Competency Required
  • Indicative Growth Path
  • Job Clusters

Overview

Renewable energy, often referred to as clean energy, comes from natural sources or processes that are constantly replenished. For example, sunlight or wind keep shining and blowing, even if their availability depends on time and weather.

Renewable resources include solar energy, wind, falling water, the heat of the earth (geothermal), plant materials (biomass), waves, ocean currents, temperature differences in the oceans and the energy of the tides. Companies within the sector provide a variety of clean energy including solar, wind, hydroelectric, geothermal, and biomass.

Industry Drivers

1. Increasing Demand:

a. In June 2021, Prime Minister Narendra Modi stated that renewable energy capacity in India increased by 250% between 2014 and 2021.

b. The Central Electricity Authority estimates India’s power requirement to grow to reach 817 GW by 2030. Most of the demand will come from real estate and transport sectors.

2. Increasing investments:

a. Rising foreign investment in the renewable sector (such as the US$ 75 billion investment from the UAE) is expected to promote further investments in the country.

b. Non-conventional energy sector received FDI inflow of US$ 11.21 billion between April 2000 and December 2021.

3. Policy support:

a. In the Union Budget 2022-23, the government allocated Rs. 19,500 crore (US$ 2.57 billion) for a PLI scheme to boost manufacturing of high-efficiency solar modules.

b. In June 2021, India launched the Mission Innovation CleanTech Exchange, a global initiative that will accelerate clean energy innovation among countries.

Employment Opportunities

IRENA’s World Energy Transition Outlook forecasts that the renewable energy sector could employ 43 million people by 2050.

Sub-Sectors in Renewable Energy

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Solar Energy

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Solar Energy

Solar is the Latin word for sun—a powerful source of energy that can be used to heat, cool, and light our homes and businesses. That’s because more energy from the sun falls on the earth in one hour than is used by everyone in the world in one year. A variety of technologies convert sunlight to usable energy for buildings.

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Wind Energy

https://opportunity.wfglobal.org/wp-content/uploads/WO/2022/04/Wind_Energy_Cleaner_Earth.jpg

Wind Energy

We’ve come a long way from old-fashioned wind mills. Today, turbines as tall as skyscrapers and nearly as wide in diameter are a crucial part of the wind energy industry. Wind energy turns a turbine’s blades, which feeds an electric generator and produces electricity.

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Biomass Power

https://opportunity.wfglobal.org/wp-content/uploads/WO/2022/04/Biomass-Power.jpg

Biomass Power

A biofuel is a fuel that is produced through contemporary biological processes, such as agriculture and anaerobic digestion, rather than a fuel produced by geological processes such as those involved in the formation of fossil fuels, such as coal and petroleum, from prehistoric biological matter. Biofuels can be derived directly from plants, or indirectly from agricultural, commercial, domestic, and/or industrial wastes.

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Top Brands in Renewable Energy

Competencies Required

COMMUNICATION-SKILLS
COMMUNICATION-SKILLS
TEAMWORK
SUPERVISORY:LEADERSHIP SKILLS
CUSTOMER CENTRICITY

Skills Required

Employers in Renewable Energy

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Indicative Growth Path

Solar Assembler installer
Solar PV Installer
Solar Service Technician
Solar Assembler installer
Solar PV Installer
Solar Service Technician
Solar Crew Manager
Solar Instructor
Solar Installation Contractor
Solar Crew Manager
Solar Instructor
Solar Installation Contractor

Training Center

(Source: http://pmkvyofficial.org/)

Job Clusters: Indian cities with most jobs in the Renewable Energy sector