Renewable Energy

The global economy is slowly switching power sources, pivoting away from greenhouse-gas-emitting fossil fuels toward cleaner and renewable alternatives. These green energy sources include:

  • Wind
  • Solar
  • Hydro
  • Biomass
  • Geothermal
  • Ocean waves and currents

Renewable energy is growing at an exponential rate. According to the International Energy Agency (IEA), renewables reached 25% of global electricity generation capacity in 2018. The IEA sees renewable energy generating capacity growing by another 50% through 2024 under its base-case scenario, with even faster growth possible if governments put the right policies and financial incentives in place.

According to Allied Market Research the global renewable energy market was valued at $928.0 Billion in 2017, and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025. Renewable energy technologies convert the energy from different natural sources such as sun, tides, wind and others, into its usable forms such as electricity.

Here’s a snapshot of select publicly traded Renewable Energy companies:

Biomass

Solar

Specialty Industrial Machinery

SPACS for Sustainability

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