The American Council On Renewable Energy (ACORE) has released ‘The Outlook for Renewable Energy in America: 2014,’ a report jointly authored by U.S. renewable energy trade associations that assesses the renewables marketplace and forecasts the future of various technology sectors.
ACORE President and CEO Michael Brower says the group ‘applauds the unity of the renewable industry community and this united front.’
The trade associations that participated in the outlook include the Advanced Biofuels Association; Biomass Power Association; Biomass Thermal Energy Council; Energy Recovery Council; Geothermal Energy Association; Growth Energy; National Hydropower Association; Ocean Renewable Energy Coalition; Solar Energy Industries Association; and American Wind Energy Association (AWEA).
The report highlights some findings from previous AWEA studies, such as wind power's declining costs. The ACORE report also notes last year's 92% drop in new installed U.S. capacity and reiterates a call for policy certainty.
"Wind energy is now among the largest sources of new electric power in the U.S.," says Tom Kiernan, CEO of AWEA. "Technology innovation and U.S. manufacturing have reduced its average cost by 43 percent in just four years. The economic benefits are reaching communities and consumers all over America, with an average of $15 billion a year in private investment and savings on electric bills also now in the billions a year. We're on track to generate 20 percent of the electricity in America from wind by 2030, and already produce over 25 percent in Iowa and South Dakota."
The full ACORE report is available here.