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CEEW-NRDC Reports and Issue Papers on Renewable Energy Jobs and Finance
25 Aug 2014

The CEEW-NRDC reports on ‘Renewable Energy Jobs and Finance’ are the first independent, external analysis of the employment opportunities for India solar energy and wind energy markets and draw from extensive discussions with stakeholders, and research and analysis of national, state and international programs. They also include an assessment of domestic and international opportunities to fund clean energy in India.

Reports and Issue Papers

  1. Solar Power Jobs: Exploring the Employment Potential in India’s Grid-Connected Solar Market
  2. Reenergizing India’s Solar Energy Market through Financing
  3. Creating Green Jobs: Employment Generation by Gamesa-Renew Power’s 85 Megawatt Wind Project in Jath, Maharashtra
  4. A Second Wind for India’s Energy Market: Financing Mechanisms to Support India’s National Wind Energy Mission
  5. Making Use of the Roof: Employment Generation from Hero MotoCorp’s 80 kW Rooftop Solar Project in Haryana India
  6. Creating Green Jobs: Employment Created by Kiran Energy’s 20 Megawatt Solar Plant in Rajasthan, India

Key Findings from Renewable Energy Jobs in India

  • Solar PV projects commissioned in India between 2011 and 2014 created approximately 24,000 jobs: Smaller projects upto 5 MW in size may provide the most employment opportunities per MW
  • Along with various estimates of job creation in the wind sector, grid-connected renewable energy is estimated to have created nearly 70,000 jobs in India so far
  • Majority of jobs created by solar PV plants are generated during construction and commissioning: In case of Kiran Energy’s 20 MW Solar Plant in Rajasthan, 180 full time equivalent (FTE) jobs were created during the first year
  • Local communities are the main beneficiaries of employment generated during the Operations and Maintenance phase of wind power projects: Out of a total of 438 FTE jobs created by the Gamesa-ReNew Power 85 MW wind power project in Maharashtra, 1/5 th of the jobs were generated for locals in semiskilled and unskilled roles
  • Solar and wind companies must demonstrate greater transparency on jobs data: This will aid business and policy makers to formulate better policies and programs; and showcase the importance of renewable energy to the local economy
  • Solar rooftops present a viable alternative for companies looking to offset their spending on diesel backup power and also generates skilled employment in the process. Hero MotoCorp, the world’s largest motorcycle manufacturer, have already installed a 80 kW rooftop PV project in Haryana, looking to scale it up to 1 MW

Key Findings from Renewable Energy Finance in India

  • Use generation based incentives and penalties in combination with any form of viability gap or tax related capital subsidies
  • Diverse financial mechanisms such as Infrastructure Debt Funds, priority sector lending, green bonds and tax incentives (such as Accelerated Depreciation/ tradable tax certificates) can improve access to low cost financing for renewable energy projects
  • Strict enforcement of Renewable Purchase Obligations (RPOs) and nurturing the Renewable Energy Certificate (REC) market will enhance investors’ confidence
  • A green bank (capitalised through the National Clean Energy Fund) and green bonds (issued by the central/state governments) should be considered for leveraging more private investment in renewable energy
CEEW Blog-Connecting dots
Transition to Low Global Warming Potential Refrigerants in India: The Foam Sector Shows the Way  By Ankita Sah, Lekha Sridhar, and Vaibhav Chaturvedi With the upcoming global negotiations to the Montreal Protocol, it is likely that an amendment...
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CEEW’s Fact of the day...
In India, around 74 million rural households lack access to modern lighting services and a larger proportion of the population (around 840 million) continue to be dependent on traditional biomass energy sources
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