The development of energy in the field of activities includes the production of conventional and renewable sources of energy. In the twenty-first century, renewable energy and power technologies have an important part of development. Today we know about Modern Economic development is the product of the industrialization process and it is primarily fuelled by non-renewable mineral resources which are extracted from the outermost shell of Earth i.e. Lithosphere. The benefits of that relatively abundant and low-cost energy are obtained from fossils fuels, oil, natural gas, coal, and fissile fuel such as uranium.
We have a lot of sources to develop the energy and power station and its effects on the economy. So, thousands of people are working in the energy industry. The petroleum industry, the natural gas industry, the electrical power industry, and the nuclear industry. The recently developed industries include the renewable energy industry.
Many renewable energy projects, renewable technologies on large scales are suited in rural and remote areas as well as developing countries, where energy is essential in human development. Renewable energy can increase the poorest nation to new levels of prosperity.
Hydroelectricity is generated in 2015, 16.6% of the world’s total electricity, and expected to increase about 1.3% per year for the following 25years. Hydroelectricity is the power generated by hydropower, and it is relatively low cost. The average electricity of a hydropower plant larger than 10 megawatts s 3 to 5 U.S. cents per kilowatt-hour. In the hydro plants damming interrupts the flow of rivers and construct large dams and reservoirs, Once the power plant is constructed no direct wastes produce, and considerably decrease the level of output of Greenhouse gas carbon dioxide than fossils fuel energy plants is powered.
Solar Energy or Solar technologies are characterized as active solar or passive solar. Active solar is the use of photovoltaic panels and solar thermal collectors to harness energy. Passive solar including the Sun which is selecting material with favorable thermal mass. Photovoltaics (PV) is the method of producing electrical power by converting solar radiation into direct current electricity using semiconductors. In the PV the materials include monocrystalline silicon, polycrystalline silicon, amorphous silicon, cadmium telluride, and copper indium gallium sulfide. Due to the increased demand for Renewable energy sources, Solar cells have advanced considerably in recent years.
Global warming and other ecological as well as economic concerns the renewable energy has grown much faster than any other anticipated.