Alternative Energy
As the global demand for energy continues to rise and our supply of non-renewable energy dwindles, increased effort is being put into developing and implementing alternative energies worldwide. CO2 and pollution reductions will hasten the addition of more renewable energy to the grid. Renewable energy sources will account for over 60% of the 5,579 gigawatts of new generation capacity and 65 percent of the $7.7 trillion in power investment by 2030, according to a new Bloomberg New Energy Finance survey.
Green energy will see investments in infrastructure in the form of utility-scale hydropower, solar and wind plants. Globally alternative energy is more cost effective to implement, and areas like Latin America, India and a variety of Asian countries will see a boom as rooftop solar arrays are adopted.
This sector has enormous room for growth as the world shifts emphasis from the traditional fossil fuels to renewable sources of energy.
Green energy will see investments in infrastructure in the form of utility-scale hydropower, solar and wind plants. Globally alternative energy is more cost effective to implement, and areas like Latin America, India and a variety of Asian countries will see a boom as rooftop solar arrays are adopted.
This sector has enormous room for growth as the world shifts emphasis from the traditional fossil fuels to renewable sources of energy.
