According to the Clean Energy Trends 2013 Report, although 2012 was a difficult year for clean energy, the fundamental global market drivers for clean technology remained largely intact. This report is issued by clean-tech research and advisory from Clean Edge, Inc. Clean Edge, Inc. is the world’s first research and advisory firm devoted to the clean-tech sector, delivering timely data, expert analysis, and comprehensive insights to key industry stakeholders. The Clean Energy Trends 2013 report found that lower prices for many clean-tech goods and services, combined with a focus on scalable projects, resulted in record annual solar, wind, and biofuels deployment. Against this continued expansion, however, combined global revenue for solar PV, wind power, and biofuels expanded just one percent, from $246.1 billion in 2011 to $248.7 billion in 2012. This marginal growth was one of the many consequences of rapidly declining solar PV prices.
The report included a few significant findings regarding biofuels, wind power, and Solar PV. Biofuels reached $95 billion in 2012, up from $83 billion the previous year. From 2011 to 2012, global biofuels production expanded from 27.9 billion gallons to 31.4 billion gallons of ethanol and biodiesel. Global wind capacity additions totaled 44.7 GW (gigawatts) in 2012, a record year led by more than 13 GW added in both China and the U.S., and an additional 12.4 GW of new capacity in Europe. While total solar market revenues fell 19 percent – the first PV market contraction in Clean Energy Trends’ 12-year history – global installations expanded to a new record of 30.9 GW. Clean Edge, Inc. projects that these three sectors will nearly double from $248.7 billion in 2012 to $426.1 billion within a decade. Trends that will impact the clean energy market in coming years are outlined in the report including: Smart Devices and Big Data Empower Customers, Distributed Solar Financing Comes of Age, and In the U.S. and Overseas, Geothermal Picks up Steam.
Source: Clean Edge news release- Clean Energy Trends 2013 Released Today, March 12 2013