Alternative Energy to Bring $326 Bln by 2019

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

"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."

As always, the Clean Energy Trends report includes growth projections for the major clean-energy sectors (solar PV, wind, and biofuels), as well as global clean-tech investment and jobs data. The report's key findings include:

* The global production and wholesale pricing of ethanol and biodiesel reached $44.9 billion in 2009 and is projected to grow to $112.5 billion by 2019. In 2009, the biofuel market consisted of more than 23.6 billion gallons of ethanol and biodiesel production worldwide.

* Wind power (new installation capital costs) is projected to expand from $63.5 billion in 2009 to $114.5 billion in 2019. Last year's global wind power installations reached a record 37,500 MW. China, the first-time global leader in new installations, accounted for more than a third of new installations, with 13,000 MW.

* Solar PV will grow from a $30.7 billion industry in 2009 to $98.9 billion by 2019. New installations reached almost 6 GW worldwide in 2009, a nearly sixfold increase from five years earlier. But because of rapidly declining solar PV prices, industry revenue in 2009 fell about 20%, from $38.5 billion in 2008.

* U.S.-based venture capital investments in energy technologies declined from $3.2 billion in 2008 to $2.2 billion in 2009. However, clean energy's%age of total U.S. venture capital investments continued to rise, accounting for 12.5% of total activity in 2009. This represented the largest share in the history of the clean-energy asset class.

* The global solar PV and wind power industries together currently account for a total of more than 830,000 jobs worldwide. By 2019, global industry growth will push the total to more than 3.3 million jobs.

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?
Clean Edge, Inc., founded in 2000, is the world's first research and publishing firm devoted to the clean-tech sector. The company, via its publications, events, and online services, helps companies, investors, and governments understand and profit from clean technologies. Clean Edge, with offices in the San Francisco Bay Area and Portland Oregon, offers insight and intelligence on emerging clean-tech trends, opportunities, and challenges. The company publishes a range of reports including the annual Clean Energy Trends and Clean Tech Job Trends report series; hosts the annual Clean-Tech Investor Summit (along with IBF); maintains a number of benchmark clean-tech stock indices with NASDAQ OMX including CELS, QGRD, and QWND; and produces Clean Edge Jobs, a leading online jobs board for clean-tech job seekers, employers, and recruiters. To keep abreast of the latest clean-tech news; access industry reports; learn more about our services; or sign up for our free e-newsletters; visit