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ACORE Statement on Green Bank Act of 2014

Washington, D..C, May 2, 2014 -- “The task of scaling up renewable energy across the nation requires access to significant amounts of capital, and we couldn’t be more pleased with Rep. Chris Van Hollen’s leadership in introducing legislation to establish a federal Green Bank,” said Michael Brower, ACORE’s President and CEO. “The establishment of a federal Green Bank will leverage private capital and ingenuity, bringing additional investment, energy infrastructure and jobs to the U.S.”

“A federal Green Bank will complement other clean energy policies by providing financial products that can address market barriers currently limiting private sector capital flows into otherwise attractive renewable energy and energy efficiency projects,” explained Todd Foley, ACORE’s Senior Vice President for Policy and Government Relations. “We look forward to working with Rep. Van Hollen, other members of Congress, state leaders and the private sector to increase access to lower-cost financing.”

ACORE Statement on Department of Defense Energy Security Act of 2014 (DODESA)

Washington, D..C, May 1, 2014 -- Yesterday, Senator Mark Udall and Congressman Scott Peters introduced the Department of Defense Energy Security Act of 2014 (DODESA), which would strengthen American energy security by improving the military’s battlefield effectiveness while saving lives and taxpayer money. Among the many proposals in the bill, DODESA 2014 calls for increased investment in energy efficiency and renewable energy technology, funding for fuel efficient vehicles, and deployment of “troop-portable power generation systems.”

Renewable Energy Policy Has Driven Massive Private Capital Investment; Industry Investment & Growth Now at Risk Due to Uncertain Policies

ACORE’s US PREF releases analysis on the impact U.S. policy has had on renewable energy investment and provides a snapshot of the road ahead, including new and innovative financing mechanisms for the industry.

Washington, D.C., April 24, 2014–Today, the US Partnership for Renewable Energy Finance (US PREF), a program of the American Council On Renewable Energy (ACORE), released a white paper entitled "Renewable Energy Finance, Market & Policy Overview" that aggregates the numerous policy mechanisms affecting renewable energy projects in the U.S. and provides an analysis of the impact these policies have had on private sector investment in the industry. The white paper also looks at innovative financing mechanisms the industry has recently developed including Securitization, YieldCos, and Green Bonds.

Capitalizing on Opportunities for Greater Impact, ACORE Delays RELACCx Event Until November 20-21, 2014

Significant Developments Are Indicative of Increasing Global
Financial Interest in Latin American and Caribbean
Renewable Energy Markets

Washington, D..C, April 15, 2014–The American Council On Renewable Energy (ACORE) has decided to postpone its Renewable Energy Latin American and the Caribbean Conference and Exposition (RELACCx) until November 20-21, 2014 to attract increased global financial interest in the Latin and American and Caribbean (LAC) region.

ACORE Statement on Newly Announced Department of Energy Loan Guarantee Solicitation

Yesterday, the U.S. Department of Energy Loan Guarantee Program announced an important solicitation, making available $4 billion in loan guarantee funding to leverage private sector investment in emerging technologies that will support the scale up of the U.S. renewable energy market. Todd Foley, ACORE’s Senior Vice President for Policy and Government Relations stated that, “Wind, solar, hydro, waste-to-energy, biomass and other renewable energy technologies have proved themselves in the marketplace and this solicitation will help further drive commercialization of complementary grid integration, storage, energy efficiency and other technologies which can support even greater renewable energy deployment. DOE made sure to listen to private industry for this solicitation and as a result we see that application fees have been significantly reduced and DOE remains open to considering other good ideas that advance lower carbon clean energy solutions.”

ACORE Encourages Senators to Consider the Benefits of the PTC, ITC, and Alternative Fuel Tax Credits in Letter

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April 3, 2014

The Honorable Ronald L. Wyden
Chairman, U.S. Senate Committee on Finance
  The Honorable Mary Landrieu
Chair, U.S. Senate Committee on Energy and Natural Resources
 
The Honorable Orrin Hatch The Honorable
Ranking Member, U.S. Senate Committee on Finance
  Lisa Murkowski
Ranking Member, U.S. Senate Committee on Energy and Natural Resources

 

We are writing on behalf of the American Council On Renewable Energy (ACORE) to strongly encourage you to consider the national security, economic security and environmental security realities of the important Internal Revenue Code § 45 Production Tax Credit (PTC), the § 48 Investment Tax Credit (ITC), and renewable and alternative fuels tax credits. These tax policies heretofore have proven successful in driving private sector investment, expanding renewable energy deployment and reducing the cost of renewable energy power generation and fuels. Publicly available research demonstrates renewable energy development and deployment requires extension and/or parity modification to sustain market momentum, as well as private sector investment in our abundant national renewable energy resources.

ACORE Renewable Energy Policy Forum Convenes Industry, Government and Financial Leaders to Address Renewable Energy Outlook and Innovation

Washington, D.C., March 28, 2014 –The unprecedented growth and long-term policies needed to continue to develop the renewable energy sector were the focus of the American Council On Renewable Energy’s (ACORE) two-day National Renewable Energy Policy Forum. The U.S. renewable energy industry is one of the fastest growing sectors of the U.S. economy, creating energy and environmental security, important economic investment opportunities and consumer choice.

ACORE Releases Outlook for Renewable Energy in America: 2014, Jointly Authored by U.S. Renewable Energy Trade Associations

Report Forecasts Industry Growth and Highlights Policy Recommendations to Advance an American Renewable Energy Economy

Washington, D..C, March 31, 2014 –The American Council On Renewable Energy (ACORE) today announced the release of The Outlook for Renewable Energy in America: 2014, jointly authored by U.S. renewable energy trade associations from the power, thermal, and fuel sectors. The Outlook assesses the renewable energy marketplace and forecasts the future of each renewable energy technology sector, from the perspectives of each of the associations, and provides a list of policy recommendations by the respective associations that would encourage continued industry growth.

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