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BC’s Green Energy Industry

A report on BC’s Cleantech (clean energy technology) industry has just been published by KPMG LLP. The numbers are impressive.

202 cleantech organizations were identified as being involved solely in the research, development or deployment of technological innovations in the province. 68 percent of the organizations who responded to the survey were formed in the last 10 years.

The companies are money making ventures. Total revenues by all firms in the industry are forecasted to be $2.5 billion in 2011, a 57 percent increase compared to 2008.

employeesTotal employees for 2011 are estimated to be 8,400 with an average salary of $72,000. Even if a few high numbers are skewing this average, it is still a good amount of cash to take home every year. Also, this industry is a good place to look for a job, since the report suggests that the industry will add 1,200 new jobs in 2011.

Exports accounted for 78 percent of cleantech revenues in both 2009 and 2010, with the US being the largest market for BC cleantech products and services.

Survey respondents are optimistic about their prospects for 2011, with a number of respondents expecting their first commercial sales, and firms already at the commercial operating stage expecting to see large increases in sales.

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Alison Wheatley

Alison Wheatley

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