Renewable Energy

Renewable energy resources and significant opportunities for energy efficiency exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency, and technological diversification of energy sources, will result in significant energy security and economic benefits. It will also reduce environmental pollution such as air pollutioncaused by burning of fossil fuels and improve public health, reduce premature mortalities due to pollution. Renewable energy sources, that derive their energy from the sun, either directly or indirectly, such as hydro and wind, are expected to be capable of supplying humanity energy for almost another 1 billion years.

Climate change and global warming concerns, coupled with the continuing fall in the costs of some renewable energy equipment, such as wind turbines and solar panels, are driving increased use of renewables. As of 2019, however, according to the International Renewable Energy Agency, renewables overall share in the energy mix (including power, heat and transport) needs to grow six times faster, in order to keep the rise in average global temperatures “well below” 2.0 °C (3.6 °F) during the present century, compared to pre-industrial levels.

Ravago Group invested in the fields of Biomass & Solar Energy with the following companies: