As we learn more about the latest renewable energy sources, we can see that some of these technologies are gaining in popularity. For example, wind energy is on the rise. Wind farms in the United States are expected to produce a record amount of electricity by 2020, while in China, the number of wind farms is projected to double. The United States is expected to add 14 GW of wind power capacity in 2020. In fact, 10 countries have already increased their wind capacity.
A major advantage of wind and solar power is that they are cheap to produce and because they are free, many wind and solar projects do not require expensive upfront capital. In addition, these types of projects are easily accessible to the average person. The only drawback is that they can be expensive. The only disadvantage to these projects is the high initial investment. But the payoff is that they are a great investment. In the future, you can even earn a profit on these investments and reduce your carbon footprint at the same time.
With the advancement of these technologies, Australia is the leading country in the Asia Pacific region in terms of renewable energy production. There are a total of 80 GW of renewable energy projects in Australia. The second placed countries in the region are Japan and Vietnam. In fact, all of these countries are developing a variety of wind and solar power projects. So, we can safely say that there is a huge demand for this type of energy in countries that are struggling to reduce their dependence on fossil fuel such as Pakistan. This is the reason solar in Pakistan is becoming more and more popular with each passing day.
The rapid growth of renewable energy sources has caused a change in the society. Among the countries in the region, Australia is the leader in wind and solar power. Currently, the country is responsible for 88 percent of the world’s renewable energy production and it continues to grow. As a result, it is the most sustainable source of electricity, with no negative environmental effects. Its development is also a key factor in reducing the cost of fossil fuels.