Local Industrial Value Creation

The Renewable Energy Benefits: Leveraging Local Capacity series discusses the socio-economic benefits of specific technologies, starting with solar PV and onshore wind deployment and assesses associated requirements in terms of skills, materials and equipment in each segment of the value chain. This series of reports also presents recommendations on how to identify areas with the greatest potential for local value creation.

The objective is to allow for an informed feasibility assessment of procuring components and services domestically rather than from abroad. These studies can help decision makers identify ways to maximise domestic value creation by leveraging existing industries, if they choose to do so.

1

Cumulative investments in wind for the energy transition can reach USD 6.3 trillion by 2050, creating 3.8 million jobs.

43% of labour for wind development is in operation and maintenance and 30% is in installation and grid connection, contributing to local job creation.

3

56% of labour for solar PV development is in O&M and 17% is in installation and grid connection, contributing to local job creation.

4

Cumulative investments in solar for the energy transition can exceed USD 6.6 trillion by 2050 creating 9.1 million jobs.

5

Local materials can be leveraged for solar PV development, including glass, steel, concrete and aluminium. 

6

Local materials can be leveraged for solar PV development, including glass, steel, concrete and aluminium. 


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