Renewable Energy Gaining Steam

  • Generating energy from renewable sources offers a number of benefits, including reducing our dependence on fossil fuels and diversifying our fuel sources.
  • Moreover, solar and wind power plants have very low operational and maintenance costs and zero fuel costs compared with conventional power plants such as coal, gas or nuclear.
  • While the European Union (EU) has been a leader in renewable energy production in the first half of this decade, the United States and some emerging markets, including China and India, have been trying to catch up in the last few years and seem likely to exceed the EU over the next few years in renewable energy production.
  • So, as renewables gain popularity, traditional producers that generate power from coal and nuclear – especially the merchant power producers in the United States and Europe – have suffered.

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