PRESS RELEASE: ACORE Releases Updated State-by-State Report on Renewable Energy for 2011
Report an Executive Summary of Information on State Renewable Energy Policies, Markets, Projects and Finance
Mar 13, 2011 - turner - acore.org
March 7, 2011 — The American Council On Renewable Energy (ACORE) today released the 2011 update and redesign of its report, Renewable Energy in America: Markets, Economic Development and Policy in the 50 States, as an online resource and a product of ACORE’s mission to scale-up renewable energy in America. Compiling updated financial, market, resource potential, and policy information in a single easily-accessed resource, the report is intended to be an executive summary for all 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 United States. 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. From the Federal government, Texas and Illinois received the most funding from Recovery Act competitive grant and tax credit programs (1603 and 48C) to fund renewable energy projects and manufacturing facilities.
State-level policy commitments remained strong, with 36 states plus D.C. having state-run renewable portfolio standards, and 17 states plus D.C. having state funds for renewable energy. Further information particular to each state is detailed under its two-page executive summary in the report. The report may be accessed at this address: http://www.acore.org/publications/50states