Renewable energy is what the world is shifting towards, owing to the high demand for fossil fuel energy and its shrinking demand. The renewable energy is a natural source of energy that is inexhaustible and can be used for unlimited periods of time.
Renewable energy sources are energies extracted from sources like the sunlight, wind, rain and geothermal heat. These can be replenished and replaced through natural means and don’t get easily depleted over time. Renewable energy has found an important place for itself in the field of commercial energy. It can be amicable used along with non-renewable sources to optimize the energy requirements. Continuous innovations are taking place in the renewable sources arena, which has acted in its advantage.
The improvement in the power generated from these renewable sources is for everyone to see. For example, Global wind power generating capacity currently stands around 100GW. Solar power plants contribute more than 2,000 MW per year. Investments in renewable energy are becoming the trend in the investment markets. This is owing to the growing concerns about the world’s increasing energy demands that are causing many countries to seek energy independence.
