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Biofuels cleantech 2000 to 2010

Published on March 28th, 2011 | by Zachary Shahan

11

Cleantech’s Revolutionary Growth & Expectations for Coming 10 Years



2001 to 2010 venture cleantech capital investments us

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In the past 10 years or so, the world has seen a clean energy revolution. With growth rates like seen in the telephone industry, computer industry, and internet industry during comparable revolutions, clean energy options like solar and wind have been growing tremendously in recent years.

Clean Edge, a research and advisory firm devoted to the cleantech sector, has been tracking the cleantech industry since 2000 and, in combination with its annual report on cleantech investment and growth, it reflected on the last 10 years as a whole this year. Clean Energy Trends 2011 reports a number of interesting statistics, the most salient of which I’m sharing below.

Cleantech in 2010

  • In total, revenues for the global solar photovoltaics (PV), wind power, and biofuels* markets grew 35.2% last year (from $139.1 billion to $188.1 billion).
  • Global solar PV growth more than doubled (7.1 GW of new solar PV was installed in 2009 and 15.6 GW in 2010).
  • The wind power market actually slightly declined in 2010 compared to 2009 — essentially because of a slowdown in the U.S. market due to lack of clear federal support for wind power and a “tight project finance market.” It is expected to pick up considerably again this year, though. (Note that China’s wind power installations increased in 2010 and it passed up the U.S. as the global leader in total installed wind power capacity.)
top cleantech investments 2010

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Cleantech Growth from 2000-2010

  • The global solar PV market grew from $2.5 billion to $71.2 billion.
  • The wind energy market grew from $4.5 billion to over $60.5 billion.
  • Other cleantech categories, such as hybrid electric vehicles, smart grid technology, and green building, experienced similar growth rates.

Tremendous growth.

clean energy growth 2000 to 2010

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cleantech 2000 to 2010

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Cleantech 2010-2020

Cleantech, as you might have expected, is projected to continue growing fast. Below are projections for some of the top industries (from 2010 to 2020).

  • Biofuels: $56.4 billion to $112.8 billion.
  • Wind power: $60.5 billion to $122.9 billion
  • Solar PV: $71.2 billion to $113.6 billion.

clean energy growth 2010 to 2020

For more information on Clean Edge’s data and findings, download Clean Energy Trends 2011 or visit Clean Edge.

*As you may be aware, there is a lot of discussion about whether most biofuels today are actually “green” or have a net negative effect on the environment. I have to say that I think the latter is the case. At the moment, though, they are still classified as cleantech by most. Hopefully, the newest generation of biofuels will actually be green.

Images via Clean Edge

I first covered this story on Earth & Industry.

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy for the past four years or so. Aside from his work on CleanTechnica and Planetsave, he's the Network Manager for their parent organization – Important Media – and he's the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



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