World Renewable Energy Market

Date: 2016-08

Renewable energy is a non-depleting source of natural energy such as hydro energy, geothermal energy, wind energy, solar energy and waste biomass energy. Renewable energy market is driven by increase in demand for non-renewable depleting source of energy such as petroleum, coal, and natural gas. The market is also driven by increase in awareness about environmental safety and security. Global renewable energy market is influenced by cost of investment for the infrastructural setup. However, increase in technological advancement for utilizing these sources decrease the cost to some extent. U.S. government is investing in research and development of solar energy projects to avoid energy crisis.

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