Green Energy

Renewable Energy

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Renewable Energy is derived from non-conventional energy which is continuously replenished by natural processes. It has attracted a lot of attention in the recent past owing to exhaustion of fossil fuels and in the lookout for alternate energy for a clean and green future. Different various forms of renewable energy include solar energy, wind energy, hydro energy, geothermal energy, wave and tidal energy. Based on the report of REN21's 2014, renewable contributed 19 percent to our energy consumption and 22 percent to our electricity generation in 2012 and 2013. Renewable power is cost effective, reliable, sustainable, and environmentally friendly. Recently the renewable energy sector is already providing more than 450,000 jobs and has an annual turnover exceeding 45 billion Euros. Since 2009, 25 solar projects totaling more than 8,000 megawatts, and 9 wind projects totaling more than 4,000 megawatts, have been approved on public lands in the U.S. That’s enough electricity to power nearly 4 million American homes. The global renewable energy market (excluding biofuels) reached $432.7 billion in 2013 and $476.3 billion in 2014. This market is expected to increase to $777.6 billion in 2019, with a compound annual growth rate (CAGR) of 10.3% from 2014 to 2019.