- renewable
- renewable re‧new‧a‧ble [rɪˈnjuːəbl ǁ rɪˈnuː-] adjective1. renewable materials, sources of energy etc will continue to exist or will grow again and are therefore never used up:
• investments in renewable energy projects such as solar power
— renewables noun [plural] :• We assume that the price of fossil fuels will rise while the cost of renewables will fall.
2. COMMERCE a contract, agreement, deal etc that is renewable can be continued:• Make sure the policy is annually renewable with reasonable rate increases.
• a 15-year renewable lease
* * *
renewable UK US /rɪˈnjuːəbl/ US /rɪˈnuːəbl/ adjective► NATURAL RESOURCES, ENVIRONMENT relating to forms of energy that are produced using the sun, wind, etc., or from crops, rather than those using fuels such as oil or coal: »renewable electricity/fuel/power
»renewable materials/resources
»Sorghum is a brand new cash crop that can be burned as a fuel and is therefore a renewable source of energy.
► LAW if an agreement or an official document is renewable, its use can be continued for an extra period of time: »a renewable lease
»The initial contract is for two years, renewable annually by mutual agreement.
Financial and business terms. 2012.