Renewable Energy Markets to Exceed $220 B by 2016
Internationally, 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 in four key renewable energy sectors, according to a report released this week by the research and publishing firm Clean Edge, Inc.
The “Clean Energy Trends 2007″ report highlights a number of factors 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 and renewable energy acquisitions and expansion initiatives.
