Analytical Study of the Status of Renewable Energy Source and its Efficiency: Future Prospects

Abstract

Electric energy security is fundamental, yet the high cost and restricted wellsprings of petroleum products, notwithstanding the need to lessen nursery gasses outflow, have made inexhaustible assets appealing in world energy based economies. The potential for renewable power source assets is huge in light of the fact that they can, on a basic level, exponentially surpass the world's energy request; in this way, these sorts of assets will have a noteworthy offer later on worldwide energy portfolio, quite a bit of which is currently focusing on propelling their pool of renewable power source assets. Likewise, this paper presents how renewable power source assets are as of now being utilized and its efficiency, logical advancements to enhance their utilization, as well as its future prospects. This study is based on reviewing the past studies that relates to this study issue to achieve the study goals. It found that a number of the countries have incredible renewable power source potential and is quick to diminish its reliance on petroleum derivatives by expanding its utilization of renewable power source assets. It additionally found that the wind area is a decent case of the expanding enthusiasm for era of power with inexhaustible assets. Later on, it anticipated that would build the reception renewable power source assets all through the world, and improve its energy capacity and efficiency. It concluded that renewable power source gives gigantic advantages and can contribute altogether in the national energy blend at any rate monetary, ecological and social expenses and it is normal that the offer of renewable power source in the aggregate era limit will increment in future.

Keywords: energy, renewable energy, electric energy, energy sources, energy efficiency