India to create 2.4 million jobs In renewable energy sector by 2020

- Advertisement -

India’s renewable energy sector should create up to 2.4 million jobs by 2020, according to a report, which has been jointly commissioned by environmental group Greenpeace, the Global Wind Energy Council and the European Renewable Energy Council.

Currently, the sector employs 200,000 people, but this number could grow more than 14 times by 2030 with the right policies and investments in place, stated India Energy [R]evolution report.

By 2050, about 92 per cent of India’s energy infrastructure will be based on renewable energy sources. Renewable resources such as wind, solar thermal energy and photovoltaic, will comprise 74 per cent of electricity generation.

- Advertisement -

The study projected that the country will experience immediate market development, with high annual growth rates achieving renewable electricity share of 32 per cent already by 2020 and 62 per cent by 2030. Moreover, the installed capacity of renewable energy will reach 548 GW in 2030 and 1,356 by 2050.

Given that renewable resources have no fuel costs, India could save as much as 285 trillion Indian rupees ($ 5,500 billion) to 7.1 trillion Indian rupees ($ 138 billion) per year under the Energy [R]evolution scenario.

“Future of India’s growth lies with massive expansion and deployment of renewable energy technologies through key policy reforms and significant investments, without putting any negative impact on its pristine forest and dependent marginalized communities,” stressed Greenpeace.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

German Electronics Manufacturer Hama Enters India

0
The company has tied up with various distributors and retailers; initially plans to launch over 300 products in India Germany-based Hama, a leading global manufacturer...

Irani Srivastava Roy: Signify’s New Chief HR Officer for India

0
The lighting company appointed the 23-years-of-experience holder for aligning the organization's people strategy with business objectives I look forward to further strengthening the...

MoS Inaugurates Digital India Startup Hub at STPI-Davanagere

0
The start-up hub was inaugurated at the 'Software Technology Park of India', which is the 63rd STPI centre in India and the fifth in...

Exclusive

German Electronics Manufacturer Hama Enters India

0
The company has tied up with various distributors and retailers; initially plans to launch over 300 products in India Germany-based Hama, a leading global manufacturer...

Irani Srivastava Roy: Signify’s New Chief HR Officer for India

0
The lighting company appointed the 23-years-of-experience holder for aligning the organization's people strategy with business objectives I look forward to further strengthening the...

Fujitsu Joins SettleMint to Utilize Blockchain Tech

0
The global strategic agreement aims to accelerate enterprise blockchain technology and promote its use cases Japanese ICT company Fujitsu and blockchain platform SettleMint recently announced...

Important Sectors

German Electronics Manufacturer Hama Enters India

0
The company has tied up with various distributors and retailers; initially plans to launch over 300 products in India Germany-based Hama, a leading global manufacturer...

Irani Srivastava Roy: Signify’s New Chief HR Officer for India

0
The lighting company appointed the 23-years-of-experience holder for aligning the organization's people strategy with business objectives I look forward to further strengthening the...

EVs Set to Drive Telematics Demand: Report

0
Telematics shipments in India to reach 50 mn units in 2030 The report expects that the rising Electric Vehicle (EV) demand, enhanced 4G...

Printed Electronics for Smart Building Solutions

0
The two companies will collaborate to scale novel water detection tape solutions based on printed electronics Sensor-maker LAIIER and Germany-based chemical and consumer goods company...

India Assumes Chair of Global Partnership on AI

0
MoS Rajeev Chandrasekhar represented India at the Global Partnership on Artificial Intelligence (GPAI) Summit He believes National Data Governance Framework Policy with Indian...

Manufacturing

First Private Company in India Builds its Own Mission Control Centre

0
Agnikul Cosmos is set to operate from this new facility at Sriharikota which was inaugurated by Shri S. Somanath,  Chairman, ISRO. India’s first launchpad and...

New Product Distribution Center by TI in Germany

0
The centre in Frankfurt enables same-day delivery to central Germany next-day delivery capabilities to most European-based customers.  Texas Instruments, a global semiconductor company whose presence...

Redwood to Supply High-Nickel Cathode to Panasonic

0
Despite the increasing demand, there is no cathode production at scale in North America today: Battery material maker Redwood As per the latest reports, Panasonic...
Infineon, CoolSiC

Infineon Planning New Factory in Dresden

0
The semiconductor major has enhanced its long-term financial targets after witnessing a remarkable FY22 Germany-based Infineon Technologies recently released its results for the fourth quarter...

Uno Minda To Invest Rs 400 Cr In New Light Plant

0
The plant is intended to be commissioned by Q4 FY24 The group registered its highest-ever quarterly performance recently As per the latest reports, the...