Job Demand In Renewable Energy Sector Surges 23.7% In FY24: Report

On World Environment Day, a report by staffing company TeamLease Services revealed a significant 23.7% growth in job demand within India's renewable energy sector during 2023-24, accompanied by a steady decline in attrition rates. The report highlighted that the sector experienced a notable increase in job demand, rising from 8.5% in FY23 to 23.7% in FY24. This surge is particularly evident in tier II and III cities, where most renewable energy projects are located. Positions in operations, maintenance, and technical roles are in high demand, alongside a rising need for solar PV and wind turbine technicians and installers, roofers, production operators, storage operators, and waste management specialists.

TeamLease Services CSO Staffing Mr. Subburathinam P emphasized the positive trend in the renewable sector's workforce, noting that the decline in attrition rates to 33.5% in FY24 from 38.8% in FY23 reflects greater job satisfaction and stability among employees. The report, based on internal data from renewable energy companies, underscores the sector's commitment to creating an environment where talent thrives and contributes to a sustainable future. TeamLease Services CEO of Staffing Mr. Kartik Narayan highlighted the evolving dynamics of the industry, marking a transformative phase characterized by resilience and opportunities. Additionally, the report noted the educational diversity within the workforce, with 22.9 % having completed 10th and 12th grade, 73% holding ITI, diploma, or graduation degrees, and 4.1% possessing postgraduate degrees, reflecting the sector's inclusive hiring approach.