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Combined global revenue for solar photovoltaics (PV), wind power, and biofuels surged 35.2% in 2010, growing from $139.1 billion in 2009 to $188.1 billion in 2010 according to the report Clean Energy Trends 2011 from Clean Edge, Inc.
SOLAR PV
In the past decade solar PV showed an annual average growth rate of 40%.
Solar photovoltaics are projected to grow from a $71.2 billion industry in 2010 to $113.6 billion by 2020. New installations reached more than 15.6 GW worldwide in 2010, more than double 7.1 GW in 2009.
WIND POWER
Wind power showed an average annual growth rate of 30%.
Wind power is projected in the report to expand from $60.5 billion in 2010 to $122.9 billion in 2020. The global wind market witnessed a slight year-over-year decline in market size for the first time since the market research firm began tracking this sector.
BIOFUELS
Biofuels reached $56.4 billion in 2010 and are projected to grow to $112.8 billion by 2020. In 2010, the biofuels market consisted of more than 27.2 billion gallons of ethanol and biodiesel production worldwide.
U.S.-based venture capital investments in clean tech increased 46% from $3.5 billion in 2009 to $5.1 billion in 2010, according to data provided by the Cleantech Group. Clean-tech’s percentage of total U.S. venture capital investments continued to rise, accounting for a record 23.2% of total U.S. venture activity in 2010.
Clean Edge, Inc., is research and advisory firm devoted to the clean-tech sector
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