A cleantech investor survey from Jefferies Group Inc. finds that government subsidies and a capital market recovery are key to the future growth of the global cleantech industry.
Key findings of the survey include the following:
– Stable government subsidies and regulation are seen as being the most important growth driver for the cleantech sector;
– Nearly 20% of investors are concerned that there will not be a full recovery of the initial public offering market for renewable energy and sustainable technology companies before 2013, with only 50% of investors expecting a recovery this year;
– While China has developed a clear cost leadership position, Europe continues to be seen as the hub of innovation ahead of North America and the emerging markets of China, India and Latin America; and
– More than 90% of survey participants believe that 20 GW or more of offshore wind power will be built by 2020, up from 350 MW today.
SOURCE: Jefferies Group Inc.
