SANTA CLARA, Calif. (Clean Edge) -- Following one of the worst years in economic history, signs of hope have begun to emerge for the clean-tech sector, with clean energy becoming a driving force for global economic recovery from Beijing to Seoul, and Washington D.C. to Brussels.In 2009, combined global revenue for the three major clean-energy sectors - solar photovoltaics (PV), wind power, and biofuels - grew by 11.4% over 2008, reaching $139.1 billion. These three sectors are expected to reach $325.9 billion by 2019, according to the Clean Energy Trends 2010 report issued today by Clean Edge Inc., a research and publishing firm devoted to the clean-tech sector. The annual Clean Energy Trends report, now in its ninth year, can be downloaded for free at CleanEdge.com. "Despite severe economic conditions, clean-energy markets were able to hold their momentum in 2009 as many regional and federal governments and private corporations focused on clean-energy investments as a way to pull out of the global economic tailspin," said Ron Pernick, Clean Edge co-founder and managing director. "From the smart grid and energy efficiency to renewable energy generation and advanced battery storage, clean tech continues to be a major driver of regional job growth, economic recovery, and technological competitiveness."
The report also examines many of the issues shaping the clean-energy marketplace, including the failure of nations to reach a global climate accord in Copenhagen; China's seemingly unstoppable rise to global clean-tech dominance; and the growing ubiquity and declining cost of clean-energy technologies. An IPO Watch List tracks clean-technology companies that have recently filed for IPOs, as well as other likely candidates. The report also outlines five key trends that will impact the markets in the coming years: * Carbon as a Feedstock: Win-Win or Pipe Dream? * Steep PV Price Drops Redefine the Solar Industry * Biomass Fires up Utilities and District Heating * Clean-Tech Megaprojects See Big Advances - and Big Challenges * High Speed Rail Surges Ahead - But at What Cost?