Despite naysayers, green energy keeps growing
Clean-energy programs find themselves squarely in the cross hairs of the GOP this election season. After pillorying the White House over Solyndra’s collapse, the House has been griping about everything from military spending on renewables to Obama’s failure to lower gasoline prices. So it may not be the best of times to crow about green energy success.
Or maybe it is. After all, while the past year may be remembered for cleantech’s struggles, green-energy companies turned in another banner year in the humdrum businesses of generating renewable electric power and biofuels.
All together, solar PV, wind and biofuel markets expanded by 31 percent last year to $246 billion globally, according to Clean Edge’s 11th annual edition of Clean Energy Trends 2011, a wrapup of key green-energy indicators. The expansion caps a five-year run during which these markets have grown by roughly a third each year.