Cleantech Turnaround Report Shows Renewable Energy Recovery
8/15/2013 2:10:35 AM joyc.biz
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.
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.
Source:Renewable Energy World
-
Don’t let what you cannot do interfere with what you can do.---- John Wooden An American basketball player and coach. Nicknamed the "Wizard of Westwood", Within this period, his teams won a record 88 consecutive games and was named national coach of the year six times. -
"I had the immigrant feeling, arriving in the U.S. in 1978," Nooyi says, " I had to do an extra-good job . Every day, I ask myself :" Did I earn the right to be CEO of this company today ?"— Indra Nooyi , an Indian-born American, Chairman and Chief Executive Officer of PepsiCo. -
An expert is a person who has made all the mistakes that can be made in a very narrow field. — Niels Bohr, a Danish physicist, Nobel Prize Winner -
You only have to do a very few things right in your life so long as you don't do too many things wrong. — Warren Edward Buffett, an American investor, industrialist and philanthropist -
Chinese are too clever, and difficult to manage than foreigners, so are Chinese enterprises. Most Chinese are impetuous. — Qinghou Zong, Chairman and President of WA HA HA Group, the biggest food & beverage enterprise in China.