Renewable energy sources are now anticipated to meet approximately 7 percent of global energy demand. This share is projected to grow dramatically in the near future. Rising consumer awareness of the harmful effects of fossil fuels on the environment, rising government initiatives to promote the adoption of clean and green energy, rising public and private efforts to reduce carbon emissions, and rising consumer adoption of green energy are the major factors expected to fuel the growth of the global renewable energy market. Rising industrialization and urbanization in emerging countries around the world are predicted to stimulate demand for renewable energy sources such as geothermal energy and solar energy, going forward.

The increasing technological advancements are resulting in lower renewable energy costs, and the increasing competitiveness of battery storage systems is favorably boosting the growth of the renewable energy market. The growing global concern about climate change and ESG issues is driving massive investments in the adoption of renewable energy sources. In order to promote sustainability and preserve the environment, governments in various developed and emerging economies are providing subsidies to the corporate sector to move to clean and green energy. These elements are important in the global expansion of the renewable energy sector.

This issue has delved deep into the working of this industry and shortlisted the most prominent players that have been able to make a positive impact on the renewable ecosystem so as to drive a sustainable future.