Clean Edge Releases Annual Clean Energy Trends Report

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http://www.cleanedge.com/news/story.php?nID=5209

Clean Edge Releases Annual Clean Energy Trends Report

March 11, 2008
Source: Clean Edge News

Global clean-energy markets are expanding rapidly, with revenues in four benchmark sectors — biofuels, wind power, solar photovoltaics, and fuel cells — up 40 percent from $55 billion in 2006 to $77.3 billion in 2007, according to the Clean Energy Trends 2008 report, recently released by clean-tech research and publishing firm Clean Edge, Inc. The four sectors are projected to more than triple over the next decade, growing to $254.5 billion by 2017.

The annual Clean Energy Trends report, produced by leading clean- tech research and publishing firm Clean Edge, can be downloaded at no cost at http://www.cleanedge.com/reports/reports-trends2008.php.

The 2008 report finds that for the first time three leading clean- energy technologies each surpassed $20 billion in revenue:

• Global production and wholesale pricing of biofuels reached $25.4 billion in 2007 and is projected to hit $81.1 billion by 2017. The global biofuels market last year consisted of more than 13 billion gallons of ethanol and more than 2 billion gallons of biodiesel production worldwide.
• Wind power is expected to expand from $30.1 billion in 2007 to $83.4 billion in 2017. Last year's global wind power installations reached a record 20,000 megawatts (MW), equivalent in size to 20 conventional fossil-fuel power plants.
• Solar photovoltaics (including modules, system components, and installation), which totaled $20.3 billion last year, will more than triple to $74 billion by 2017. Annual installations in 2007 were just shy of 3,000 MW worldwide.

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