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Clean Edge, which has been tracking the growth of clean-tech markets for nearly a decade, reports that global revenues for solar photovoltaics, wind power, and biofuels expanded from $75.8 billion in 2007 to $115.9 billion in 2008. For the first time, onesector alone, wind, had revenues exceeding $50 billion. New global investments in energy technologies — including venture capital, project finance, public markets, and research and development — expanded by 4.7 percent from $148.4 billion in 2007 to $155.4 billion in 2008, according to research firm New Energy Finance.
But despite this striking increase in global revenue and continued growth in global investments, the clean-energy sector faces considerable challenges moving forward.
A sinking stock market continues to plague the initial public offering(IPO) markets, with only a small handful of energy-related IPO listings on U.S. exchanges in 2008.
This means that venture capitalists (VCs) are faced with a dearth of exit opportunities for their current portfolio companies, making it harder for new companies to garner VC investments.
According to research firm Renaissance Capital, there were just 43 U.S. IPOs of all types in 2008 that raised at least $50 million, down from 272 in 2007, marking the slowest year for IPOs in nearly three decades (1979).
Clean Edge’s two clean-energy-related stock indexes, which were both up more than
60 percent in 2007, were down a similar amount in 2008, reflecting the volatility of the clean-energy sector and broader markets overall.
http://www.cleanedge.com/reports/pdf/Trends2009.pdf
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