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ADB notes increase in renewable energy generation in Sri Lanka

ADB notes increase in renewable energy generation in Sri Lanka

The Asian Development Bank (ADB) has reportedly noted that given Sri Lanka’s emphasis on increasing reliance on renewable energy, the demand for ‘green skills’ in the sector is showing a growth that needs to be met.
“Growth in energy, especially in renewable energy, is expected to generate high levels of employment requiring green skills,” a new report by the ADB has stated.
The Sri Lankan government has set a target of generating 20% of electricity through renewable sources by 2020, mainly wind, as there are strong monsoon corridors in the country.
According to the report, as a consequence, the demand for training is increasing with regard to the manufacturing of small turbines, and assembly and installation of large turbines and high-voltage connections to the grid.
Solar energy skills are needed in various areas such as installation and maintenance, though the sector is still emerging, the ADB report on the greening of economies in Asia has noted.
“At a higher skills level, energy companies require sustainable product development specialists, environmental managers to oversee project site development, International Organization for Standardization (ISO) auditors, and site environmental officers to maintain standards and compliance.”

OSL take:

The latest ADB report indicates a growth in energy, especially in renewable energy. Therefore, interested investors could explore the opportunities in the energy sector, especially in the area of renewable energy generation.

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Article Code : VBS/AT/14122017/Z_4

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