Another Year of Banner Growth in 2008, but Clean-Energy Sector Looks to Stimulus for Help in 2009.Clean Edge Clocks Solar, Wind and Biofuels Growth at 53 Percent in 2008, with Global Revenues of $115.9 Billion PORTLAND, Ore. & OAKLAND, Calif. -- Despite growing economic uncertainty over the last year, the three major clean-energy sectors -- solar photovoltaics (PV), wind power, and biofuels -- kept up a blistering growth rate, increasing 53 percent from $75.8 billion in 2007 to $115.9 billion in revenues in 2008, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Clean Energy Trends 2009 report released today by Clean Edge, Inc. By 2018, Clean Edge forecasts that these three sectors will have revenues of $325.1 billion. The annual Clean Energy Trends report, produced by leading clean-tech research and publishing firm Clean Edge, can be downloaded free of charge at www.cleanedge.com. While 2009 will be a challenging year for the clean-energy industry, given severe credit constraints that have slowed or reversed plans for new manufacturing facilities and development projects, Clean Edge forecasts strong growth over the mid- to long-term: * Global production and wholesale pricing of biofuels reached $34.8 billion in 2008 and are projected to total $105.4 billion by 2018. Last year, the global biofuels market consisted of more than 19 billion gallons of ethanol and biodiesel production Biodiesel production is the process of synthesizing biodiesel. Biodiesel is a liquid fuel source largely compatible with petroleum based diesel fuel. The most common method for its manufacture is synthesis by reacting a glyceride-containing plant oil with a short chain alcohol such worldwide, and in Brazil, ethanol surpassed petroleum use for the first time. * Wind power became the first clean-energy sector to surpass the $50 billion mark. Its $51.4 billion in worldwide revenue in 2008 is expected to grow to $139.1 billion in 2018. Last year's global wind power installations reached a record 27,000 MW, including more than 8,000 MW in the U.S., pushing the U.S. ahead of Germany as the world's leading generator of wind energy. * Solar PV (including modules, system components, and installation) totaled $29.6 billion last year and will reach $80.6 billion globally by 2018. Annual solar PV installations reached more than 4 GW worldwide in 2008, a fourfold fourfold Adjective 1. having four times as many or as much 2. composed of four parts Adverb by four times as many or as much Adj. 1. increase from four years earlier, when the solar PV market reached the gigawatt gig·a·watt n. Abbr. GW One billion (109) watts. milestone for the first time. New global investments in energy technologies -- including venture capital, project finance, public markets, and research and development -- expanded by 4.7 percent, from $148.4 billion in 2007 to $155.4 billion in 2008, according to research firm and Clean Energy Trends content provider New Energy Finance. For the first time, the report examines the "green jobs dividend." Solar PV and wind power provided more than 600,000 direct and indirect jobs globally in 2008 and are expected to generate 2.7 million jobs by 2018. This year's report includes an analysis of the American Recovery and Reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. Act of 2009, signed into law by President Obama in February and providing $70 billion in direct spending and tax credits for clean-energy and transportation programs. Clean Energy Trends 2009 also outlines five trends poised to make an impact on the markets in the coming year. It describes: * What happens when the smart grid  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . goes online * How energy storage will become a key issue for utilities * Where new clean-energy markets are emerging around the world * Why grid transmission capacity will be making headlines in 2009 * The unseen growth in "micropower" grids "The clean-energy sector, like the broader economy, faces many challenges," said Clean Edge co-founder and managing director Ron Pernick Ron Pernick, co-author of The Clean Tech Revolution and co-founder and principal of Clean Edge, is "an accomplished market research, publishing, and business development entrepreneur with two decades of high-tech experience". . "But while 2009 will be a difficult year, we believe that clean energy will play a central role in any global economic recovery." About Clean Energy Trends 2009 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 2009 is made possible by the support of its sponsors, including premier sponsors Deloitte; Enterprise Florida; Hobbs & Towne; and New Energy Finance. Major sponsors include International Business Forum; Mintz Levin; The NASDAQ OMX Group NASDAQ OMX Group is the tentative name for the combined entity resulting from the pending merger of The NASDAQ Stock Market, Inc. and OMX AB. Its headquarters will be located in New York. , Inc.; and Page One Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most . The report can be downloaded free of charge at www.cleanedge.com. About Clean Edge, Inc. Clean Edge, Inc., with offices in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay and Portland, Oregon, is a leading research and publishing firm that helps companies, investors, and policymakers understand and profit from clean technologies. Among its many activities, the company publishes the annual Clean Energy Trends report, produces the annual Clean-Tech Investor Summit (in partnership with IBF IBF See: International Banking Facility ), maintains a number of benchmark clean-energy stock indexes with NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OMX OMX Office Max (stock symbol) [R], and operates a clean-tech focused jobs board for employers, recruiters, and candidates. Founded in 2000, Clean Edge and its network of partners and affiliates offer unparalleled intelligence and insight into the clean-tech space. For more information visit www.cleanedge.com. |
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