Tuesday, March 16, 2010, 1:10pm PDT | Modified: Tuesday, March 16, 2010, 1:52pm
The clean energy business grew more than 11 percent in 2009, despite a continued recession, according to the annual Clean Energy Trends Report, released Tuesday by Portland-based research and publishing firm Clean Edge.
Combined, solar photovoltaics, wind power and biofuels are now a $139.1 billion global business, up 11.4 percent from 2008.
“Despite severe economic conditions, clean-energy markets were able to hold their momentum in 2009 as many regional and federal governments and private corporations focused on clean-energy investments as a way to pull out of the global economic tailspin,” said Ron Pernick, Clean Edge co-founder and managing director, in a news release.
In the United States, clean energy benefited from federal stimulus funding, augmenting private investment in startups.
Source: http://www.bizjournals.com/portland/stories/2010/03/15/daily10.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_30+%28Oil+%26+Gas+Industry+News%29
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