Environmental Engineering Reference
In-Depth Information
Table 15
Total projected investment in the power sector in India
Investment (million $) in (r)evolution
(best case) scenario
Investment (million $) in reference case
Investment
share (%) in
2021-2030
Investment
share (%) in
2021-2030
Technology
2011-2020
2021-2030
2011-2020
2021-2030
Conventional (fossil
and nuclear)
179,759
261,422
60.02
92,723
14,356
1.26
Total renewables
134,113
174,110
39.98
377,116
1,124,348
98.74
Biomass
7,857
19,992
4.59
44,763
28,519
2.50
Hydro
71,946
99,718
22.90
95,184
28,391
2.49
Wind
30,853
29,349
6.74
127,929
196,461
17.25
PV
22,333
24,099
5.53
61,847
187,397
16.46
Geothermal
544
395
0.09
12,690
181,149
15.91
Solar thermal
580
389
0.09
31,920
458,107
40.23
Ocean
0
168
0.04
2,783
44,324
3.89
Total investment for
2011-2020 (under best
case scenario: 469839)
313,872
435,532
100.00
1,138,704
100.00
Source
: Energy [r]evolution: a sustainable India energy outlook (2012)
create a positive wave for green technology, clean
energy and green economy. All possible collab-
orative efforts at the government, corporate and
individual level should be made to build, grow
and sustain green economy in India.
future. This would really transform the renewable
market in India. In addition to that, the renewable
heating (biomass, geothermal, solar and heat
pumps) is likely to attract investment up to $
169,347 million during 2011-2030.
7.2
Investment in Renewable
Energy in India
7.3
Impact of Renewable Energy
on Employment in India
Investment in renewable technology, especially
in power generation, has been growing globally.
India being one of the prime renewable markets
is going to attract huge investment in the future.
According to
Energy
[
r
]
evolution
:
A Sustainable
India Energy Outlook
(a report by Greenpeace
India), in a reference case scenario about $
174110 million will be invested in renewable
power generation during 2021-2030, about a
30 % increase from 2011 to 2020. Under the best
case scenario, the investment fi gures are expected
to jump up to $ 377,116 million and $ 1,124,348
million during 2011-2020 and 2021-2030,
respectively (Table
15
). Even in the case of busi-
ness as usual, renewable power is likely to attract
about 40 % of total investment during 2021-
2030. It is clearly visible that solar power and
wind are the prime drivers of investment in the
Globally, growing renewable energy markets
have been showing a clear impact on direct and
indirect employment opportunities. It has been
observed that renewable energy growth in the
USA, China and Europe has put a considerable
impact on employment. Similarly, in India such
an impact is clearly visible. Renewable power
generation not only provides direct employment
in power plants, but a signifi cant amount of job
opportunities are created in construction and
installation, manufacturing, operations and main-
tenance. A recent study by Greenpeace India in
2012 suggests that under reference case renew-
able energy is going to create more jobs compared
to nonrenewable energy (power) in 2020. Under
the optimistic scenario by 2020, renewable power
would offer about 74 % (Table
16
) of total
employment in the power sector in India.
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