FW: New US Renewable Electricity Capacity Exceeded 50GW in 2010

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03/10/2011 10:09 AM       New US Renewable Electricity Capacity
Exceeded 50GW in 2010 SustainableBusiness.com News The total installed
base of new renewable electricity exceeded 50 gigawatts (GW) in the United
States in 2010, according to an updated state-by-state accounting.  Texas,
California, and Iowa led in renewable energy generation capacity, while
Iowa, Nebraska, and Illinois led in renewable fuels capacity, The American
Council On Renewable Energy (ACORE) noted in 2011 edition of "Renewable
Energy in America: Markets, Economic Development and Policy in the 50
States". ACORE redesigned the report this year as an online resource,
compiling updated financial, market, resource potential, and policy
information. 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. 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 State 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. 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 is available at the link below.
Website: www.acore.org/publications/50states « previous news story» next
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