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The Renewable Energy industry is spearheading the global transition towards sustainable power, encompassing a diverse array of technologies such as solar, wind, hydroelectric, and bioenergy. According to the International Energy Agency (IEA), renewable energy is expected to account for nearly 30% of the world’s electricity generation by 2023.
It’s also known as “owner’s equity” and can include things of non-monetary value such as time, energy, and other resources. A business with healthy (positive) equity is attractive to potential investors , lenders, and buyers. Variable expenses fluctuate with company performance and production, like utilities and raw materials.
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