Quote of the Week: Clean Energy Growth


March 16, 2013

“Lower prices for clean-tech goods and services are helping wind and solar powers reach cost parity in both utility-scale and distributed markets, making the value proposition increasingly attractive. Even amidst the carnage of 2012, clean energy has continued its ascent as a major economic force, with an increasing focus on deploying technologies that are ready and available now.”


Who said it: Ron Pernick, Clint Wilder, Trevor Winnie, authors of Clean Energy Trend Report 2013


In Context: Last year saw a global decline in venture capital and private equity investment in cleantech, yet the actual deployment of solar, wind, and biofuels deployment continued to grow, according to a Clean Edge. Combined global revenue for solar PV, wind power, and biofuels grew year- to-year slightly from USD 246.1 billion in 2011 to USD 248.7 billion in 2012. The outlook is positive. Clean Edge forecasts these three sectors will continue to grow over the next decade, nearly doubling from USD 248.7 billion in 2012 to USD 426.1 billion in 2022. U.S.-based venture capital investments in clean technologies totaled USD 5.0 billion, down for the first time in three years. It saw a 26 percent drop from USD 6.6 billion in 2011, according to data provided to Clean Edge by Cleantech Group. Globally, investment declined by 11 percent to USD 269 billion, down from USD 302 billion in 2011, according to Bloomberg New Energy Finance.


Where we found it: Clean Edge Clean Energy Trends Report

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