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Post by johnsmith on Dec 23, 2010 10:27:14 GMT
As the world runs out on the fossil fuel stocks, the renewable energy has become a key to the global energy needs. The renewable energy is created from the resources that are regenerative and unlimited in supply. The renewable energy is also environment friendly as it does not cause any harmful pollution to the atmosphere. As such the renewable energy sources have become a desired source of energy for many. The cost of setting up a renewable energy plant may be high initially but once the plant is set up, it takes only the first few years to cover up the costs and start earning profits. The renewable energy sources are the sun, ocean water and the wind. These are one of the cheapest sources of energy which can then be converted into electricity. Although fossil fuel remains a dominant source of energy, the renewable energy can prove to be an ideal source of alternate energy. The world energy research is engaged in finding and developing the prospects in the energy sector. With increasing investments into the sector, the organization channels the funds into productive ventures that can take the economy to a sustainable future.
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