India's Renewable Energy Sector Job Growth Projected to Exceed 18% in FY25: Report
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Synopsis
India's renewable energy sector is set for a hiring boom, with growth exceeding 18% in FY25 driven by ambitious clean energy targets. The sector is evolving, creating diverse job opportunities while addressing workforce challenges.
Key Takeaways
- 18% job growth expected in FY25
- Strong government initiatives fueling sector expansion
- Notable youth-driven workforce demographics
- Demand for technology-driven roles increasing
- Regional leaders in solar energy: Rajasthan, Gujarat, Karnataka, and Tamil Nadu
Bengaluru, March 21 (NationPress) The hiring landscape in India’s renewable energy sector is anticipated to experience an impressive growth of over 18 percent in FY25 as the nation intensifies its efforts to meet the ambitious objective of achieving 500 GW of non-fossil fuel capacity by 2030, as per a report released on Friday.
The swift growth of renewable energy initiatives is likely to enhance both direct and indirect employment opportunities within the industry. Additionally, it is driving changes in workforce dynamics, skills requirements, and retention strategies, according to the report from TeamLease Services.
The report noted a remarkable 23.7 percent year-on-year increase in employment for FY24, a substantial rise from 8.5 percent in FY23 and 10.4 percent in FY22.
Despite a projected slight decline to 18.9 percent in FY25, the sector continues to serve as a crucial avenue for job creation, bolstering the nation’s clean energy goals.
The demographics of the contractual workforce in the renewable energy sector are predominantly youth-oriented, with 26.9 percent of workers aged between 26-30 years and 27.9 percent in the 31-35 age group.
There is also a notable presence of seasoned professionals, comprising 16 percent in the 35-40 years category and 18.2 percent aged 40+, the report indicated.
"India’s renewable energy sector is at a pivotal juncture, propelled by strong governmental initiatives and increasing corporate investments. The sector is poised to create jobs, with a growing demand for specialized and technology-centric roles,” stated Subburathinam P, Chief Operating Officer of TeamLease Services.
The renewable energy sector is generating prospects across skilled, semi-skilled, and highly skilled positions. Furthermore, the report emphasizes the escalating demand for technology-oriented roles within solar, wind, and hybrid energy systems as companies progressively adopt digital innovations to enhance efficiency.
As the sector grows, distinct regional trends have emerged. Rajasthan, Gujarat, Karnataka, and Tamil Nadu are at the forefront of solar energy production in India, hosting the majority of the nation's solar power plants.
Additionally, government initiatives like the PM Surya Ghar: Muft Bijli Yojana, National Green Hydrogen Mission, PM KUSUM, and the Solar PV Module PLI Scheme have been crucial in fostering the growth of the renewable energy sector.
“However, overcoming high attrition rates and skill shortages through structured workforce planning remains a challenge,” Subburathinam noted.
To cultivate sustainable talent, he urged organizations to “incorporate vocational training, digital skill enhancement, and retention strategies.”
“Looking ahead, businesses that prioritize workforce innovation and flexibility will spearhead the next phase of growth in the industry, positioning India as a global leader in clean energy employment,” he concluded.
