Green Innovations

Developing renewable and clean technology companies in New York

Tuesday, October 6, 2009

Latest Clean Edge Trends Report just released. It’s been a year of tight credit, but the recession is over. What can we expect in NYS?

We know that tightened credit markets took their toll on clean tech this past year.  But it still proved to be a banner year for clean tech, with revenue growth up.  Read the new Clean Energy Trends report from Clean Edge: for the full picture.

Here in NYS, growth is expected in photovoltaics, wind and biofuels, with venture investment expected to pick up.  After many companies delayed plans over the past year because of constrained credit, projections are for modest growth due to government spending, enhanced renewable portfolio standards, new regulation and other policies that will continue to shape the marketplace. 

One of the hottest sectors is expected to be wind power, with new installations pushing the US ahead of Germany as the world’s leading generator of wind energy. 

Anyone traveling across Upstate can see that dramatic growth, with an increasing number of wind turbines being transported along major highways.  The Port of Oswego is a major handling site for those wind turbine towers, blades and components.  The Port, which handles more than a million tons of products annually, recently delivered more than one hundred 156-foot windmill blades, built in Brazil and destined for a windmill farm in Steuben County. The Port could greatly benefit from the Northeast's growing wind farm market if more blades and other parts are shipped to Oswego.

The Port of Oswego’s position as the first U.S. port of call on the Great Lakes has made it one of the leading, most productive ports in North America and abroad.  From its deep draft terminal to its access to the New York State Barge Canal, the Port of Oswego offers multi-modal connectivity that includes marine highway, on dock rail, and immediate efficient connections to the Interstate system.  International clients and cargoes span the globe from Brazil and the Netherlands to Russia and Indonesia