The photovoltaicmarket has grown at a compoundedrateofover 40% per annum over the last decade withmanufacturing in China, mainlyforexport, growingmostquickly.
By the same token, renewable technologies are following similar output efficiency and cost reduction curves, while growing more quickly than most optimistic projections of just a few years ago.
IPOs are most often done by newer companies that are growingquickly and need fresh capital to fuel this growth, or by government owned entities that are being privatized through the equity markets.