April 30, 2010
CLEAN EDGE ALERT
Events and Announcements for the Clean-Tech Community
CORRECTED:Clean Energy Trends 2010 – APRIL UPDATERevised Solar PV Market Sizing Captures Germany ‘s Recent Announcement of Staggering December Growth
Clean Edge, Inc. announced updated solar photovoltaic (PV) market sizing numbers for its Clean Energy Trends 2010 report, originally published in March. An updated version of the report can be downloaded at http://cleanedge.com/ The newly adjusted numbers reflect an upward revision of 2009 installed solar photovoltaic (PV) capacity – a response to Germany ’s late announcement that a staggering 1.34 gigawatts (GW) of PV was installed in December.
An April 9, 2010 announcement by the German Federal Network Agency revealed that Germany installed a total of 3.8 GW of solar PV in 2009, with approximately 40 percent of this capacity being installed in December alone. Although Clean Edge expected Germany ‘s December installed capacity to eclipse that of November, the magnitude of this trend exceeded initial estimates.
Factoring in newly available intelligence, Clean Edge has updated its solar market projections originally released in March. As a result, 2009 global PV installations reached just more than 7 GW and global revenue in 2009 has been adjusted to $36.1 billion. Projected 2019 global PV revenue has also been upwardly revised to $116.5 billion. Clean Edge’s updated total clean-energy growth projection – including biofuels, wind power, and solar power – sees the market for these three benchmark technologies growing from $144.5 billion in 2009 to $343.4 billion in 2019.