In celebration of World Environment Day, a report released on Wednesday highlighted that job demand in India's renewable energy sector saw a 23.7% growth during 2023-24, along with a steady decline in attrition rates. The renewable energy sector has witnessed a significant rise in employment, with a remarkable 23.7% increase in FY24, up from 8.5% in FY23, according to a report by staffing company TeamLease Services. The demand for roles is particularly high in tier II and III cities, where the majority of renewable energy projects are based.
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Positions in operations, maintenance and technical roles are highly sought after. There is also a growing demand for solar PV and wind turbine technicians and installers, roofers, production operators, storage operators and waste management specialists.
"We are witnessing a positive trend in the renewable sector's workforce. The renewable energy sector is more than just about green energy, it is about fostering a resilient and engaged workforce passionate about making a difference. The decline in attrition rates is a testament to the fact that employees are not only finding meaningful careers but are also deeply engaged and motivated by their impactful work," said Subburathinam P, CSO Staffing at TeamLease Services.
The report's insights are based on internal data analysis of renewable energy companies that TeamLease Services collaborates with.
The data further revealed that the attrition rate decreased to 33.5% in FY24, down from 38.8% in 2022-23. The report added that this notable reduction indicates a greater sense of stability and job satisfaction among employees in the renewable energy sector.
"The growth in jobs and reduced attrition rates in the renewable energy sector highlight the industry's evolving dynamics. There is a commitment to creating an environment where talent thrives and contributes to a sustainable future. Our insights underscore the industry's advancing phase, marking a transformative chapter characterised by resilience and opportunities in the renewable energy sector," said Kartik Narayan, CEO of Staffing at TeamLease Services.
Regarding educational qualifications, 22.9% of the workforce have completed 10th and 12th grade, and 73% hold an ITI (Industrial Training Institute) diploma or graduation degree, according to the report.
Additionally, 4.1% of the workforce holds a postgraduate degree, it added. This educational diversity reflects the sector's inclusive approach to hiring and welcoming individuals from various academic backgrounds to contribute to the renewable energy mission.
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