Importance of renewable energy

[Slappey]

Renewable energy companies around the world focus on newer and appropriate technologies to extract energy from renewable energy resources like sun, wind and water. A lot of inventors, from different parts of the world have started paying more attention to this lucrative method of energy extraction. This has led to the rapid commercialization of renewable energy, and has also led to research works in this field. Companies are ready to invest money to find out better ways to extract energy from these resources.

Renewable energy industry is getting expanded every year, with establishment of more and more companies and the development of beneficial and lucrative projects. According to an article published recently, about $120 billion was the investment in renewable energy in 2008.

The leading companies in the field of renewable energy include GE Energy, Q-Cells, World energy research, Sharp Solar, Siemens, Suntech, and Vestas.

The employment opportunities in renewable energy sector are also higher when compared to traditional energy resources.

Wind and solar power are the most commonly used renewable energy resources in the world. Among these, solar energy is used more, as it is readily available in most of the places.

Solar energy is extracted with the help of solar panels. These panels help in capturing the energy from sunlight. Solar panel is a general term, and when specifically used it can be either solar hot water panels or solar photovoltaic panels. Solar photovoltaic panels help in the production of electricity from sunlight.

There are a lot of articles online, in leading encyclopedias like Wikipedia, which say about renewable energy sector and their uses. Reading these articles will help you to get a comprehensive idea about how to make wise use of renewable energy resources.

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