Global Clean Energy Markets Expand to $55 Billion in 2006 and Projected to Exceed $220 Billion by 2016

Global clean-energy markets are poised to quadruple in the next decade, growing from $55.4 billion in revenues in 2006 to more than $226.5 billion by 2016 for four benchmark technologies, according to the sixth annual Clean Energy Trends report.

As highlighted in the report, ?Clean Energy Trends 2007,? a number of factors are contributing to this extensive growth, including an influx of venture capital (VC); a new level of commitment by politicians at regional, state, and federal levels; and significant corporate investments in clean-energy acquisitions and expansion initiatives. The free report can be downloaded at www.cleanedge.com.

For the second year in a row, the global biofuels market was slightly larger than both solar and wind, reaching $20.5 billion in 2006 and projected to grow to more than $80 billion by 2016. Clean Edge projects solar photovoltaics (modules, system components, and installations) will grow from a $15.6 billion market in 2006 to $69.3 billion by 2016; wind power installations will expand from $17.9 billion in 2006 to $60.8 billion in 2016; and the markets for fuel cells and distributed hydrogen will grow from $1.4 billion in 2006 to $15.6 billion over the next decade.

?At $55 billion, the global market for biofuels, solar, wind, and fuel cells are now considerably larger than the global recorded music industry,? explains Clean Edge co-founder and principal Ron Pernick. ?Within a decade we predict these clean-energy markets will exceed $220 billion and that the global annual production of biofuels will increase from around 13 billion gallons last year to 50 billion gallons, solar will jump from 2 GW of production to nearly 20 GW, and wind power will increase from 15 GW to 67 GW. ?