Unfortunately, 2013 wasn’t all good news. Wind energy hit the doldrums in 2012, with revenue falling precipitously to $58.5 billion from $73.8 billion in 2012, and just 35.5GW new capacity installations worldwide – a far cry from a record 44.7GW the previous year.
The wind market would have been even worse if not for China, which installed 16.1GW in 2013 (a whopping 45.4% of all global new capacity) and extended its status as the world’s leader with 91.4GW cumulative installed capacity – 30GW ahead of the US and nearly 60GW ahead of Germany. For context, the US market added just 1GW last year as Production Tax Credit uncertainty created industry headwinds. Clean Edge forecasts fuller sails in the future, with modest growth leading to $93.8 billion in market revenue by 2023.
Clean energy investment’s ledger ran into the red again last year, with total 2013 clean energy investments dropping to $254 billion, down from $286.2 billion in 2012 and a peak of $317.9 billion in 2011. Even China experienced less investment, with a 3.8% funding decline, the first year-to-year drop in more than a decade. Europe and the US fared even worse, with 41% and 8.4% plunges, respectively.
But even though overall investments continued their downward trend, Clean Edge sees a few bright spots. Clean energy funding jumped 55% in Japan to $35.4 billion, while some of the world’s biggest corporations made major investments, and the performance of clean tech companies in publicly traded markets outpaced other industries.
Read full article at http://cleantechnica.com/2014/03/27/2013-renewable-energys-best-times-worst-times/#ztxR5RuHEhzjusCK.99
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