Renewable energy is the energy that is collected from renewable resources such as Solar, energy, Wind energy, Bioenergy, Hydro energy which are naturally replenished on a human timescale. According to the perspectives of the CXOs, the renewable energy market is witnessing noteworthy growth. There are numerous factors contributing toward growth of the renewable energy market such as rise in industries in developing economies, increase in stringent government regulations toward greenhouse gas emissions across the globe, and surge in favorable policies in the developed and developing economies for the renewable energy sector. However, in some countries, possess significant growth potential; however, due to inconsistent policy and business environment, the market is growing at a moderate rate.

Author(s): Elisa Aracil

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