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While the credit crunch has taken its toll, 2009 will still be a great year for clean technologies-- this, from the 2009 Clean Energy Report just released this week. Some key findings according to Clean Edge Research:
- Biofuels (global production and wholesale pricing of ethanol and biodiesel) reached $34.8 billion in 2008 and are projected to grow to $105.4 billion by 2018. In 2008 the global biofuels market consisted of more than 17 billion gallons of ethanol and 2.5 billion gallons of biodiesel production worldwide. For the first time, ethanol leader Brazil got more than 50 percent of its total national automobile transportation fuels from bioethanol, eclipsing petroleum use for the first time in any major market.
- Wind power (new installation capital costs) is projected to expand from $51.4 billion in 2008 to $139.1 billion in 2018. Last year's global wind power installations reached a record 27,000 MW. In the U.S., which accounted for more than 8,000 MW, wind installations represented more than 40 percent of total new electricity generating capacity brought online in 2008 – and moved the U.S. ahead of Germany as the world's leading generator of wind energy.
- Solar photovoltaics (including modules, system components, and installation) will grow from a $29.6 billion industry in 2008 to $80.6 billion by 2018. Annual installations reached more than 4 GW worldwide in 2008, four times the total set just four years earlier, when the solar PV market reached the 1 GW milestone for the first time in 2004
Together, we project these three benchmark technologies, which equaled $75.8 billion in 2007 and expanded 50 percent to $115.9 billion in 2008, to grow to $325.1 billion within a decade.
Total Investments Reach $155 Billion
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