Global Solar, Wind, and Biofuels Deployment Each Mark Record Year


Clean Edge’s Annual Trends Report Finds Increased Deployment, But Market Value Increases Only Slightly, Up 1 Percent, to $249 Billion

The 12th annual edition of the Clean Energy Trends report analyzes clean-energy activity in the U.S. and abroad. The full report, a must read for industry stakeholders and downloaded by tens of thousands annually, can be viewed in full here.

The report includes growth forecasts and market sizing for the major clean-energy sectors (solar PV, wind, and biofuels), as well as detailed analysis of solar PV pricing, public market activity and performance, venture capital investments, and new generation capacity. As always, the report features emerging and market shifting trends to watch.

The 2013 Trend’s report key findings include:

  • Biofuels (global production and wholesale pricing of ethanol and biodiesel) reached $95.2 billion in 2012, up from $83.0 billion the previous year, and are projected to grow to $177.7 billion by 2022. From 2011 to 2012, global biofuels production expanded from 27.9 billion gallons to 31.4 billion gallons of ethanol and biodiesel. Market size growth over the next decade is expected to be driven by added production, but also by modest price increases.
  • Wind power (new installation capital costs) is projected to grow from $73.8 billion in 2012, up from $71.5 billion the previous year, to $124.7 billion in 2022. Global wind capacity expanded by 44.7 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.
  • Solar photovoltaics (including modules, system components, and installation) decreased from a record $91.6 billion in 2011 to $79.7 billion in 2012 as continued growth in annual capacity additions was not enough to offset falling PV prices. While total market revenues fell 19 percent – the first PV market contraction in Clean Energy Trends’ 12-year history – global installations expanded to a record of 30.9 GW in 2012, up from 29.6 GW the prior year. Germany remained the top market, adding 7.6 GW in 2012, followed by strong growth in China, Italy, and the U.S., which each added more than 3 GW. By 2022, solar PV revenues are expected to grow to $123.6 billion.
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  • Together, we project these three sectors will continue to grow over the next decade, nearly doubling from $248.7 billion in 2012 to $426.1 billion in 2022.
  • Venture capital investments in U.S.-based clean technology companies totaled $5 billion in 2012, falling 26 percent from $6.6 billion in 2011, according to data provided by Cleantech Group. Clean tech’s decline, however, matched a similar downward trend for total VC investment, with clean-tech investments still representing nearly one-fifth of all VC activity in the U.S.

This year’s report also outlines five key trends that will impact clean-energy markets in 2013 and beyond:

  1. Smart Devices and Big Data Empower Customers, Open New Chapter in Energy Efficiency
  2. Distributed Solar Financing Comes of Age
  3. Under the EV Radar, Microhybrid Technology Saves Big on Fuel Consumption
  4. In the U.S. and Overseas, Geothermal Picks up Steam
  5. Perfectly Natural: Biomimicry Makes its Mark on Clean Tech

Download Clean Energy Trends 2013

About Clean Energy Trends 2013
Clean Edge issues its annual Clean Energy Trends report to track key developments in clean-energy markets. Past reports have been downloaded by tens of thousands of individuals in government, finance, industry, and the media. Clean Energy Trends 2013 is made possible by the support of its sponsors including premier sponsors Autodesk, Chubb, Grant Thornton, Mintz Levin and major sponsors APCO Worldwide, Cascadia Capital, and E2.

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