Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable (naturally replenished). About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from hydroelectricity.
New renewables (small hydro, modern biomass, wind, solar, geothermal, and biofuels) accounted for another 3% and are growing very rapidly. The share of renewables in electricity generation is around 19%, with 16% of global electricity coming from hydroelectricity and 3% from new renewables.
While many renewable energy projects are large-scale, renewable technologies are also suited to rural and remote areas, where energy is often crucial in human development. Renewable energy has the ability to lift the poorest nations to new levels of prosperity.
ENX has a strong motive to enable countries to harness this clean source of energy, thus allowing for a eco-friendly form of energy. Renewable energy is derived from natural processes that are replenished constantly and therefore a never ending supply is available with no need to be dependent on import of oil, gas, fuels, or coal.