The Clean Edge report represents a full decade of energy industry data and trend analysis in the United States and abroad. Key trends that impact clean energy markets are examined and detailed including wind and solar energy, areas of significant concentration for Here Enterprises.
Over the past decade clean energy has proven to be a significant business opportunity, and its growth rates now rival that of earlier technology revolutions like the telephone, computers, and the Internet. According to Clean Edge research, the global market for solar photovoltaics (PV) has expanded from $2.5 billion in 2000 to $71.2 billion in 2010. This represents a compound annual growth rate (CAGR) of 39.8%. The global market for wind power has similarly expanded from a global market worth $4.5 billion in 2000 to more than $60.5 billion today, a CAGR of 29.7%.
This overall trend for clean tech markets continued to be one of growth and expansion in 2010. Combined global revenue for solar PV, wind power, and biofuels surged by 35.2% over the prior year, growing from $139.1 billion to $188.1 billion. The bulk of this expansion came from a more than doubling in global solar PV installations. (Clean Edge, "Clean Energy Trends 2011", March 2011)
Here Enterprises acquired its first wind energy development project, Cycle Ranch, in September of 2010. The Company is nearing completion of construction and tie in of wind power facilities on the Cycle Ranch site in conjunction with its revenue-positive commercial motocross speedway business. The property is located in Floresville, Texas, the state leading the nation in wind power generation. Here Enterprises also plans to add solar power to its clean energy development portfolio.
Mark Ryun, CEO of Here Enterprises, commented: "We are greatly encouraged by the findings of Clean Edge, the acknowledged clean energy market authority. At Here Enterprises we are proud of our efforts to contribute to the growth of clean energy and harness our nation’s abundant supply of renewable solar and wind energy resources."
Here Enterprises is a developer of wind power, our nation’s fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.