January 10 -- President Obama’s $90 billion green stimulus program leveraged billions in private investment, reduced carbon emissions and added 720,000 jobs, Joseph Aldy, a Harvard University economist and former special assistant to the president for energy and environment, argued in a new research paper. >>View Article
May 15 -- SolarCity and Forest City Communities announced last week the start of a project providing solar energy for 6,500 military homes at the Marine Corps Base and the Navy Region in Hawaii, located in the Ohana Military Communities (OMC). >>View Article
Since my last letter, much has been discussed in the great national debate on energy--particularly about renewable energy--as Congress winds down for the summer recess and campaigns are heating up. We at ACORE have been involved in many of the central issues, addressing some of them at our Transportation Forum (more on that, below), at this month's Leadership Council Policy Briefing and US PREF Day... >>More
Industry experts reaffirm need for long-term policy support to unlock untapped capital
New York, NY - At the Renewable Energy Finance Forum-Wall Street (REFF-Wall Street), hosted this week in New York by the American Council On Renewable Energy (ACORE) and Euromoney Energy Events (EEE), more than 50 experts from the financial sector and the renewable energy industry addressed a forum of over 600 delegates, exploring the evolving landscape for investment opportunities and driving forward the industry's future.
For Immediate Release - June 25, 2013
New York, NY – A new study was released today by the American Council On Renewable Energy (ACORE), California Clean Energy Fund (CalCEF), and Climate Policy Initiative at the Renewable Energy Finance Forum-Wall Street where hundreds of leaders from the renewable energy industry convened to discuss the current state of renewable energy finance. The study titled "Strategies to Scale-Up U.S. Renewable Energy Investment" highlights the role of policy at the state, federal, and regulatory level in unlocking record levels of private capital in the industry during the past decade. The paper also explores policies that would significantly increase private capital into renewable energy development.
For Immediate Release - June 19, 2013
Washington, DC - The International Energy Agency (IEA) said in April that renewable energy is one of the few bright spots in an otherwise bleak assessment of overall progress toward cleaner energy, but will the renewable growth trend continue for the next five years? That is among the many questions that will be answered next week at the Renewable Energy Finance Forum-Wall Street (REFF-Wall Street) when IEA Executive Director Maria van der Hoeven releases her agency’s latest five-year forecast for the global market for renewable energy.
For Immediate Release - June 20, 2013
Washington DC – The pioneer pilots of the Solar Impulse who are currently completing a coast-to-coast solar-powered flight across America will be keynoting the first day of the Renewable Energy Finance Forum-Wall Street, announced the American Council On Renewable Energy (ACORE), the event co-host. Bertrand Piccard and Andre Borschberg, the pilots, will open the Forum on the first day at 9:00 am to talk about the importance of innovation and pioneer spirit to meet today‘s energy challenges.
For Immediate Release - May 23, 2013
Washington DC - The American Council On Renewable Energy (ACORE) applauds Tesla Motors for successfully paying off its $451 million Advanced Technology Vehicle Manufacturing Loan Guarantee with the Department of Energy nine years ahead of schedule. With the Tesla Motors federal loan early pay-back, taxpayers earned $26 million, according to the Department of Energy. ACORE fully supports the DoE Loan Guarantee Program, which leverages private sector innovation and advances the United States in the global race to become the world’s most prosperous clean energy economy.
“Tesla’s success shows that no matter how detractors misconstrue the facts, no matter what the incumbents of energy claim about alternative energy, clean energy is all about economics and technological innovation—the sort of innovation Tesla has boldly demonstrated,” said ACORE President and CEO, Vice Admiral Dennis McGinn. “Tesla is revolutionizing the way vehicles are designed, engineered, driven, fueled, and looked at. When people see Tesla’s and other electric vehicles all over the road in the future, they can thank American ingenuity and entrepreneurship, and DoE for helping make that achievement possible through another great example of public-private partnership.”
Clean Energy Investments in Latin America Total $9.7 billion in 2012 Four Countries Saw Triple-digit Investment Growth
For Immediate Release - April 30, 2013
Washington DC - Total new financial investments in clean energy in non-Brazil Latin America rose 127% in 2012 compared to 2011 figures, reaching $4.6 billion. This growth reverses the first global decline in new clean energy investments last year, as the region became more active in renewable energy.