Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat..
Renewable energy often provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services.
Based on REN21’s 2017 report, renewables contributed 19.3% to humans’ global energy consumption and 24.5% to their generation of electricity in 2015 and 2016, respectively.
This energy consumption is divided as 8.9% coming from traditional biomass, 4.2% as heat energy (modern biomass, geothermal and solar heat), 3.9% hydro electricity and 2.2% is electricity from wind, solar, geothermal, and biomass.
Worldwide investments in renewable technologies amounted to more than US$286 billion in 2015, with countries such as China and the United States heavily investing in wind, hydro, solar and biofuels.
Globally, there are an estimated 7.7 million jobs associated with the renewable energy industries, with solar photovoltaics being the largest renewable employer.
As of 2015 worldwide, more than half of all new electricity capacity installed was renewable.
Exton Finances partner with top companies in this sector to generate steady and substantial returns for investors.