Rafael Reyes on Wednesday, 14 October 2009 23:29
Clean-tech continue to show promise amidst the recovering economy in the latest Clean Edge report. Here is a quick summary and below information on pay in the fields.
Clean Edge, which has been tracking the growth of clean-tech markets for nearly a decade, reports that global revenues for solar photovoltaics, wind power, and biofuels expanded from $75.8 billion in 2007 to $115.9 billion in 2008. For the first time, one sector alone, wind, had revenues exceeding $50 billion. New global investments in energy technologies—including venture capital, project finance, public markets, and research and development—expanded by 4.7 percent from $148.4 billion in 2007 to $155.4 billion in 2008, according to research firm New Energy Finance.
Severely tightened credit markets also began to take their toll. In late 2008 and early 2009, the extent of constrained credit became apparent, with a range of clean-energy companies delaying plans, laying off staff, or scuttling projects entirely. While we expect to see continued growth for the sector in the mid- to long-term, we believe 2009 will be a year of refocus, consolidation, or retrenchment for many firms. At the same time, new government spending, regulation, and policies should help the sector weather the current economic crisis better than most other sectors. On balance, we believe clean energy and energy intelligence will be seen as a means to help economies around the world pull out of the current economic malaise.
Not surprisingly, the Bay Area grabs the top spot for clean-tech opportunities.
Finally, via Earth2Tech, notes on the pay data:
Clean Edge worked with PayScale, a publisher of work-compensation data, to conduct a survey to determine median salary and wage compensation for a range of cleantech jobs. See the report (available for free as a PDF download), for a more comprehensive overview, but a sampling of salaries include: energy auditor for green buildings ($48,500 median pay); mechanical engineer for electric vehicles ($63,600); and solar energy systems designer ($42,600). Interestingly, the highest median salary listed was for project developers of renewable energy ($106,000) and the lowest was for insulation workers ($36,100).