Frost & Sullivan: New Wind of Innovation Will Lift the Cleantech Market

Frost & Sullivan: New Wind of Innovation Will Lift the Cleantech Market PR Newswire LONDON, August 1, 2012 - Identified the three key sectors that hold the next growth and investment opportunities LONDON, August 1, 2012 /PRNewswire/ -- After a healthy rebound in 2010 when the new investment in renewables grew by 30 percent, 2011 and beginning of 2012 were marred by waves of bad news: bankruptcies, profit warnings, staff layoffs . Furthermore, global cleantech indices showed a downward trend. However, despite a short-term slowdown in demand and challenging conditions in financing projects, Frost & Sullivan believes that the long-term outlook for cleantech is positive. Renewable Energy Programme Manager Alina Bakhareva explains: "We witnessed important solar manufactures going bankrupt, tariffs cuts being accelerated, even retroactive cuts in feed-in-tariffs for already operating PV projects. This situation affected investors' confidence, and the current scenario does not look promising." "The sceptics may feel it is a moment of triumph, and their predictions on a cleantech bubble collapsing are coming true," continues Ms Bakhareva. "But are they indeed? Are we witnessing an inglorious end or a temporary slowdown? We believe that the cleantech industry holds the answer to a few looming global problems in the energy, food and water industries. A new wind of cleantech innovation will bring the answer and this will have a positive impact on the overall market.