The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Cleantech Turnaround Report Shows Renewable Energy Recovery

Despite challenging market conditions, bankruptcies and consolidation, key indicators show signs of improvement in the clean tech sector, according to EY’s newly released annual cleantech industry performance report.

Noting a bounce back in market capitalisation, boosted by energy efficiency companies and renewables, the financial performance of public pure-play (PPP) cleantech companies has improved while their number has grown globally, the document concludes.

Globally, the cleantech sector saw the creation of 68 new PPP companies in 2012 and lost 63 companies over the same period. The U.S. and China remain the leading countries in terms of PPP companies, with 70 and 64 respectively, while the Asia-Pacific region emerges as the growth driver, with China leading headcount growth. Indeed, the Asia-Pacific region was the main winner, increasing 16 percent to 177 companies, while the company population in Europe, the Middle East and Africa (EMEA) contracted by 8 percent to 135 companies.Shangahai solar project

The renewable energy sector evidenced important signs of recovery as generation companies showed across the board gains, benefitting from lower equipment costs. The number of companies increased by 14 percent to 32, market capitalisation increased 8 percent to US $25.5 billion and revenues increased 23 percent to $11.1 billion, EY states.

While the number of wind equipment companies fell by 2 percent to 53, market capitalisation increased by 2 percent to $30.8 billion and revenues increased 14 percent to $35.3 billion. However, the picture for solar is more mixed, with the number of solar equipment companies falling by 2 percent but market capitalisation up 14 percent to $28.8 billion. However, according to the analysis, solar revenues declined by 16 percent to $42.5 billion.

Biofuels also experienced significant growth in 2012 as the number of companies in the segment increased 8 percent to 41, market capitalisation shot up 25 percent to $13.1 billion and revenues grew 14 percent to $26.0 billion.

Commenting on the findings, Gil Forer, EY’s Global Cleantech Leader, says: “We’ve seen a notable upturn in the performance of the 424 public pure-play cleantech companies globally. Despite a challenging period of consolidation in certain cleantech segments, fiscal issues in some countries and the continuing impact of the financial crisis; we’ve seen an annual gain of 18 percent in market capitalisation, and [a] 12 percent increase in headcount."

According to the research, the global headcount of public cleantech companies stands at 512,500 with China, having over half the global headcount, the source of this growth, led by additions in the solar and wind segments globally.

Forer concludes: “The cleantech sector globally has shifted to growth. Resource scarcity, energy security concerns, population growth and increasing consumption, by expanding middle classes in emerging markets, will continue to drive this cleantech market growth. China is consolidating its position as the most important cleantech market and is poised to overtake the U.S. as the number one centre for public cleantech companies.”


Lead image: Shanghai Bund solar project, via Shutterstock

Untitled Document


Understanding the Yieldco Structure for Renewable Energy Project Finance

Gregory F. Jenner, Edward D. Einowski and Adam D. Schurle, Contributors In the 1950s, the federal government sought to boost home ownership by increasing private lending. To this end, the g...

NHA Recognizes Five Companies as Outstanding Stewards of America's Waters

Five companies have been recognized by the National Hydropower Association as recipients of its Outstanding Stewards ...

India's 330-MW Alaknanda Hydropower Plant Enters Commercial Operation

Indian infrastructure group GVK has put the first unit at its 330-MW Alaknanda hydropower plant into commercial opera...

Marine Energy Sector Continues Growing Worldwide, Despite Economic Setbacks

A report released recently by the International Energy Agency's Ocean Energy Systems shows that the marine and hydrok...


Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

Early Bird Registration Deadline for GRC Annual Meeting is This Week

The deadline for early-bird rates for registration for the biggest annual geothermal ev...

Redesigned Video Gallery

Hydropower news and information, and interesting promotional announcements are now avai...


Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

The True Cost of Electric Vehicles in Australia

In order to avoid increased congestion, further greenhouse warming and lessen Australia’s reliance on imported ...

The Coming Multi-trillion Dollar Energy Investment Drive

In coming years, a multi-trillion dollar low-emission energy investment drive will get underway. Three catalysts wil...

The Perfect Elevator Pitch

The elevator pitch is a concise statement that grabs attention and communicates value, ideally leading to a next step...


David Appleyard is a contributing editor. A freelance journalist and photographer, he has some 20 years' experience of writing about the renewable energy sector and is based in Europe.


Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @jennrunyon



Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Intersolar North America 2016

Exhibition: July 12 - 14, 2016; Conference: July 11 - 13, 2016 Intersola...

Intersolar South America 2015

Exhibition and Conference: September 1-3, 2015 Intersolar South America ...


Less Is More

When you’re giving a presentation, one of the easiest things to do...


One of the biggest challenges we face as efficiency sales professionals ...

How To Optimize Your Meeting Schedule

Do you spend more time in meetings than you do actually working? While m...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now