ACORE Releases Updated Report On Renewable Energy For 2011

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The American Council On Renewable Energy (ACORE) has released the 2011 update and redesign of its ‘Renewable Energy in America: Markets, Economic Development and Policy in the 50 States’ report as an online resource.

Compiling updated financial, market, resource potential and policy information in a single resource, the report is intended to be an executive summary for those who are interested in the highlights of the renewable energy sector in every state.

‘The U.S. is blessed with an abundance of domestic renewable energy resources, and the states- through effective policies – and industry – through investment and development – are leading the way in harnessing these resources for productive use,’ says Todd Foley, senior vice president of policy and government relations. ‘This report captures the highlights of an incredible scope of activity that is changing our energy future and paving the way for continued economic growth.’

The report shows that in 2010, the total installed base of new renewable electricity exceeded 50 GW in the U.S. Texas, California and Iowa led in renewable energy generation capacity, while Iowa, Nebraska and Illinois led in renewable fuels capacity.

With its ongoing development of diverse renewable energy sources, California saw the most value from disclosed asset finance transactions over the past two years for newly built projects.

Meanwhile, Washington surpassed California as the state with the most venture capital and private-equity investment over the past two years, funding early-stage technologies and companies.

State-level policy commitments remained strong, with 36 states and Washington, D.C., have state-run renewable portfolio standards. In addition, 17 states and Washington, D.C., having state funds for renewable energy.

SOURCE: American Council On Renewable Energy

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