Home News InvestmentVenture Capital Report: Solar, Wind and Biofuel Markets Smash Revenue Records
(Business Green) Analyst firm Clean Edge reports 31 per cent increase in market for core renewables technologies during 2011
The global market for solar PV, wind energy, and biofuels grew 31 per cent during 2011 to almost $250bn (£160bn), according to new figures from analyst firm Clean Edge Inc.
The US-based firm today released its annual Clean Energy Trends 2012 report, revealing that combined global revenue for solar PV, wind power and biofuels defied the tough economic environment to grow from $188.1bn in 2010 to $246.1bn last year.
However, Ron Pernick, Clean Edge co-founder and managing director, warned the renewables sector is failing to get the credit it deserves for its rapid growth. He noted that numerous success stories have been overshadowed – at least in the US – by the collapse of government-backed solar firm Solyndra. READ MORE Download Report