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Renewable Energies

What is the renewable energy sector?

Among the novel sectors of the energy industry are the renewable energy segments. They focus on producing, using, distributing, retailing, and operating renewable energy. It includes electricity generated from renewable sources. Examples include wind, water, geothermal plants, biological materials and the sun. Electricity is generated by using these sources in specialised systems. These generate electricity by converting energy through turbines or similar devices. It results in an industry that employs 16.2 million professionals in thousands of companies.

Is the sector extensive and highly valued?

The sector has an extensive network. The reason for this is the importance of renewable energy for many industries. For example, the construction, energy, and real estate sectors use their services. The same applies to manufacturing, retail, Ho.Re.Ca and the transport industries. There are also links to the finance, IT, and telecommunications sectors. It also applies to the agriculture, electronics, and chemical industries. Thus, the renewable energy sector is one of high value and revenue. For example, it has recently reached a market size of around $1 trillion.

Is the sector innovative?

The segment also places a prime focus on innovations. It is due to the continuous evolution and development of renewable energy systems. Annual and biannual trade expositions often showcase such novel solutions. Hundreds of thousands of participants observe them. Such events occur in Austria, Norway, and the UAE. They also take place in the Federative Republic of Germany.