PROSPECTS IN RENEWABLE ENERGY
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Abstract
This study discusses the promising future of renewable energy, focusing on wind, hydropower, and solar thermal potential. The analysis highlights the growing demand for renewable energy driven by global awareness of climate change and supportive government policies, which are facilitating investments and job creation in these sectors. Wind power is presented as increasingly cost-competitive due to technological advancements, while hydropower continues to be a reliable clean energy source amid rising energy demands. Moreover, solar thermal energy prospects in various regions, including China, the U.S., and the Middle East, are explored, emphasizing profitability and alignment with Sustainable Development Goals (SDGs). The study underscores the critical roles of ongoing innovation and effective policies in promoting renewable energy transitions essential for enhancing energy security and achieving sustainability targets.