Renewable Energy – Overview

The World Energy Outlook predicts increase in energy consumption worldwide by 60 percent in the next 25 years. This, when 1.6 billion have no access to power! Given the well-established damage that fossil fuels have wrought on the climate, renewables are the ideal choice to meet this demand and address the inequities. Not only are they environment friendly, and sustainable, they help replace costly imports with locally available resources.

Globally, renewables constitute 14 percent of the energy mix and boast of an installed capacity of 1,206,000 MW of power. The growth rate in the power sector globally is in fact largest for the renewables, with grid connected solar photo-voltaics leading the pack. Solar power concentrators are also seeing a resurgence in investment. Long-term projections predict that renewables will continue to surge ahead and play a major role in the second half of the century.

Not only is the time ripe for a judicial mix of renewable sources but as important is the need to look at new technologies like fuel cells, as also accelerating fuel efficiency in the renewable sector. For instance, by increasing the energy efficiency of biomass use, it is possible to be less dependent on LPG by as much as 50 million tones, or 100 million tones of coal, annually.

Equipped with domain expertise, Fortech Energy helps you choose, implement and harvest the returns from the best renewable option tailored to your needs. Offering value-added projects and services in the renewable energy sector, Fortech Energy uses latest technology in the sustainable use of natural resources. It handles solar, wind power, biomass, hydro power, hybrids and biofuels as a system integrator offering the best and total project solutions to customers. Cost optimisation and project financing assistance depending on size of the investment are kept in mind.