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Renewables on the Up!

March 20, 2013

Solar IllustrationDespite some difficult trading environments over 2012, the outlook for clean energy remains good according to a recent report by Clean Edge, a leading market authority on worldwide clean energy trends and developments.

Although global revenues were up only slightly year-on-year, deployment has continued to grow rapidly.

One of the reasons for this discrepancy is the falling costs of solar photovoltaics which led to lower profits for manufacturers despite high deployment. These drops in price are excellent for the end user and are reflected in the plummeting costs of both domestic and commercial solar systems.

The report paints a bright picture for renewables; global solar photovoltaic revenues alone have expanded from £2 billion in 2000 to £79 billion in 2012. By 2020 the solar sector is expected to be worth close to £124 billion.

Both wind and solar had record years for installed capacity with  44.7 and 30.9 gigawatts respectively.
The report can be viewed at www.cleanedge.com.

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