Clean Edge's Latest Clean Energy Trends Report
email alert from Clean Edge:
March 13, 2012
Solar PV, Wind, and Biofuel Markets Grow 31 Percent to $246.1 Billion in 2011
Read Clean Edge's Latest Clean Energy Trends Report
The 11th annual edition of the Clean Energy Trends report analyzes clean-energy activity in the U.S. and abroad. The full report, a must read for industry stakeholders and downloaded by tens of thousands annually, can be viewed in full here.
http://cleanedge.com/reports/clean-energy-trends-2012
The report includes growth forecasts and market sizing for the major clean-energy sectors (solar PV, wind, and biofuels), as well as detailed analysis of solar PV pricing, public market activity and performance, venture capital investments, and emerging industry trends.
The report's key findings include:
- The global market for solar photovoltaics increased from $71.2 billion in 2010 to $91.6 billion in 2011. While total market revenues were up 29 percent, installations climbed more than 69 percent from 15.6 gigawatts in 2010 to more than 26 GW worldwide last year due to rapidly declining solar costs.
- Last year’s global wind power installations equaled 41.6 GW, the largest year for global installations on record. Wind power totaled a record $71.5 billion in 2011, up 18 percent from $60.5 billion the prior year, and is projected to reach $116.3 billion in 2021.
- Biofuels reached a record $83 billion in 2011, up from $56.4 billion the prior year. Bucking solar and wind’s declining cost trends, this increase was mostly due to a rise in ethanol and biodiesel prices, the result of higher costs for feedstock commodities.
- Clean Edge projects that the cost to install solar PV systems will fall from an average of $3.47 per watt globally in 2011 to $1.28 within the next decade.
