Market for Renewable Energy Has Tripled Since 2004

Date: October 28, 2008

Source: News Room

The market for renewable energy has tripled since 2004 to 18.1 billion kilowatts of green power sold in 2007, according to a recent report by the National Renewable Energy Laboratory. Businesses accounted for 75% of the 860,000 customers for green power in 2007. Intel (Santa Clara, CA) bought 1.3 billion kilowatts, making it the largest single customer. Of the sources for green power, wind comprises 55%, while landfill gas and biomass accounts for 28% of sales. According to the report, future growth may be tempered by the current financial crisis, energy costs, and uncertainty over how federal rules to control greenhouse gases in the US would work.

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