More renewable energy projects: sector creates more 45,000 new jobs

The previous work sector was indeed of renewable energy since the renewable energy sector created more than forty-five thousands of new jobs in India. Reportedly, more than 4 lakh people were employed during this time.

The country is meeting the water crisis in many regions, although, experts anticipate that if the country possibly attains the renewable energy goals, it could considerably reduce its water consumption intensity. What should interest you is India’s project of adding 227 GW of renewable energy volume by March 2022. With this, India will be included among the top three economies to invest the most in the renewable energy sector.

Water Risks & Data Analytics and Senior Manager of Global Water Program at WRI, Tianyi Luo says India can perhaps reduce its water consumption severity by more than 25%. Most importantly, this can be achieved on by meeting the determined renewable energy targets.

Research reports suggest that India’s 90% thermal power requires fresh water for cooling. If more solar PV projects can be employed to the nation’s power mix, it can surely reduce the water consumption in the country. Wind power projects could also be added to the same.

Wind does not require water while generating electricity while water consumed by solar PV is almost negligent. On the other hand, concentrated solar plants, nuclear and biomass consume more water with high intensity, especially when compared to the traditional fossil fuel plants. This is mainly due to their generation efficiency. That being stated, the energy potentials of solar PV and wind projects should be taken into account in the overall power market.

There are a couple of the latest market research reports which reveal data on 40/60 energy development target.  The Indian government can obtain it while decreasing the consumption by 25%.  

“Renewable energy has become a pillar of low-carbon economic growth for governments all over the world, a fact reflected by the growing number of jobs created in the sector,” said Adnan Z Amin, director-general of IRENA, in a statement.