Growth Rate in Three Sectors "Blistering" Says New Report
Despite growing economic uncertainty during 2008, three major clean-energy sectors kept up a "blistering" growth rate, according to the Clean Energy Trends 2009 report released today by Clean Edge, Inc.
March 10, 2009
Solar photovoltaics, wind power, and biofuels revenues increased 53 percent, from $75.8 billion in 2007 to $115.9 billion in revenues in 2008, the report says. By 2018, Clean Edge predicts that these three sectors will have revenues of $325.1 billion.
Clean Edge forecasts strong growth over the mid- to long-term, even though severe credit constraints have slowed plans for new manufacturing facilities and development projects.
"While 2009 will be a difficult year, we believe that clean energy will play a central role in any global economic recovery," said Clean Edge co-founder and managing director Ron Pernick during a press briefing this morning.
The report outlines five trends poised to make an impact on the markets in the coming year.
- The smart grid goes online
- Energy storage becomes a key issue for utilities
- New clean-energy markets emerge around the world
- Grid transmission capacity makes headlines
- Micropower grids experience growth
Clean Edge publishes sponsored research reports and produces the annual IBF Clean-Tech Investor Summit.
The report is available for download here.
