Renewable Energy

Renewable Energy comes from non-conventional energy that is continuously replenished by natural processes. It’s attracted plenty of attention within the recent past due to exhaustion of fossil fuels and within the lookout for alternate energy for a clean and green future. Totally different varied kinds of renewable energy embody solar power, wind energy, hydro energy, heat energy, wave and tidal energy. Supported the report of REN21's 2014, renewable contributed 19 % to our energy consumption and 22 % to our electricity generation in 2012 and 2013. Renewable power is cost effective, reliable, property, and environmentally friendly. Recently the renewable energy sector is already providing quite 450,000 jobs associated has an annual turnover exceeding 45 billion Euros. Since 2009, 25 solar projects totalling quite 8,000 megawatts, and 9 wind comes totalling quite 4,000 megawatts, are approved on public lands within the U.S. That’s enough electricity to power nearly four million yankee homes. The worldwide renewable energy market (excluding biofuels) reached $432.7 billion in 2013 and $476.3 billion in 2014. This market is predicted to extend to $777.6 billion in 2019, with a compound annual rate of growth (CAGR) of 10.3% from 2014 to 2019.

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