‘Spectacular’ growth for green energy

The Green Energy sector is growing at breathtaking speed, driven by the challenges of climate change, surely unprecedented in our time.

Globally, it has already become a multi-billion dollar industry, with very high growth potential which is attracting record investment. Over the last few years, eco-industries in the European Union have grown to such an extent that they have now become a prominent force across the entire European economy. Today they represent about 2.1 per cent of its gross domestic product and account for 3.5 million jobs.
Frost & Sullivan Green Energy experts are analysing all the key segments of this market, both in Europe and globally. There is no doubt that this area is expanding at an extraordinary rate and – based on their research – Frost & Sullivan analysts forecast that revenues are set to double, triple or increase even more over the next few years.

Renewable Energy. New analysis from Frost & Sullivan European Renewable Energy Market – Investment Analysis and Growth Opportunities reveals that this market earned EUR8.89 billion in 2005 and estimates this to reach EUR14.54 billion in 2010.

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