ACORE and CEC Partner to Focus on Joint Research, Analysis, and Industry Dialogue; US-Australian Leadership Roundtable Kicks Off in Sydney
For Immediate Release - March 11, 2013
Washington, DC - The American Council On Renewable Energy (ACORE) and the Clean Energy Council (CEC) of Australia are pleased to announce a partnership to enrich both organizations’ missions of advancing clean energy deployment in the United States and Australia. The partnership aims to build a collaborative platform that enables leading industry experts and stakeholders from both Australia and the United States to leverage each other’s expertise in creating successful policies, finance mechanisms, and market drivers that will benefit both the Australian and U.S. market.
“As countries develop more sustainable energy to power the world economy, international cooperation on renewable energy is vitally important,” stated Admiral Dennis McGinn (VADM, U.S. Navy, Ret.), President & CEO of ACORE. “Considering the growing success of clean energy in both the United States and Australia, our nations will greatly benefit from a strong collaboration on how to improve the policies and finance mechanisms that bring sustainable energy technologies to scale.”
Driven by supportive government policies and innovation, renewable energy investment continues to grow in Australia and 2012 was marked by a 40 per cent increase in investment to $6.2 billion. During the past four years, the U.S. renewable energy industry has also experienced tremendous success as renewable energy generating capacity nearly doubled from 43.5GW in 2009 to 85.7 GW in 2012 as a result of innovative policy and finance strategies.
“This new partnership between Australia and the U.S. demonstrates both the global significance of the Australian renewable energy industry, and the strategic importance of the relationship between the two countries,” said David Green, Chief Executive of the Clean Energy Council. “This agreement to collaborate and share information with our U.S. colleagues is evidence of the CEC’s national leadership in clean energy policy development, and we look forward to the opportunities this partnership will unlock for the clean energy industry in both countries.”
In partnership with Baker & McKenzie and the Australian Trade Commission, ACORE kicked off a week-long series of leadership roundtables in Australia from March 10 – 16, connecting U.S. financiers, developers and manufacturers with key Australian corporations, financiers, politicians and civil society organizations. The roundtables will map out what cooperation between both industries will look like moving forward. U.S. delegation representatives included Citigroup, Denham Capital, Deutsche Bank, First Solar, IBM, Lockheed Martin, S&C Company, Recurrent, Sungevity, SolarReserve, Sunpower, and Skadden Arps.
“Baker & McKenzie is very pleased to assist in the formal partnering of ACORE and CEC at our Australia offices and welcomes the leaders from a host of global corporations, and US Ambassador to Australia, the Honourable Jeffrey Bleich. The advancement of clean energy is high on Australia’s agenda and we appreciate the opportunity to help facilitate cross-border investment in the renewables sector between the United States and Australia,” said Baker & McKenzie Australia Managing Partner Chris Freeland.
Information on international cooperation between ACORE and the CEC, as well as ACORE’s International Programs can be found at: http://www.acore.org/programs/acore-international-programs.
ACORE, a 501(c)(3) non-profit membership organization, is dedicated to building a secure and prosperous America with clean, renewable energy. ACORE seeks to advance renewable energy through finance, policy, technology, and market development and is concentrating its member focus in 2013 on National Defense & Security, Power Generation & Infrastructure, and Transportation. Additional information is available at www.acore.org.
The Clean Energy Council is the peak body for the renewable energy and energy efficiency sector. It is an industry body that provides a unified voice for more than 550 solar, wind, geothermal, hydro, wave, bioenergy, cogeneration, storage and energy efficiency companies. More information at www.cleanenergycouncil.org.au