13 Mar '12, 3pm

Clean Energy Trends 2012 Report Released

Clean Energy Trends 2012 Report Released

Biofuels (global production and wholesale pricing of ethanol and biodiesel) reached $83 billion in 2011, up from $56.4 billion the prior year, and are projected to grow to $139 billion by 2021. However, this increase was mostly due to an increase in ethanol and biodiesel prices. The continuing trend of rising biofuel prices, up 10 to 20 percent in 2011, is the result of higher costs for feedstock commodities – mainly sugar for ethanol and rapeseed and other vegetable oils for biodiesel. Between 2010 and 2011, global biofuels sales remained relatively flat, expanding from 27.2 billion gallons to 27.9 billion gallons of ethanol and biodiesel production worldwide. Wind power (new installation capital costs) is projected to expand from $71.5 billion in 2011, up from $60.5 billion the prior year, to $116.3 billion in 2021. Last year’s global wind power installations equaled 41....

Full article: http://cleantechnica.com/2012/03/13/clean-energy-trends-2...

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