Big Money Can Keep Coming For New Energy

$1T 2030 Campaign Progress Report; Expectations for Renewable Energy Finance in 2020-2023

July 14, 2020 (American Council on Renewable Energy)

“…[Since 2018, the $1 Trillion by 2030 American Renewable Investment Goal has gotten nearer…[M]ost analysts expect the recent booming pace of renewable investment to decline in the early 2020s…[But that can be reversed by] long-term federal policy commitment providing support for carbon-free electricity generation…[with federal, state and regional policies to promote modernization of the nation’s electrical grid… new incentives for energy storage and other enabling grid technologies…[and] expansion of state renewable portfolio standards to support increasing deployment…[with better] siting and permitting processes for renewables and transmission…

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A scale up of the energy storage market via new business models…[will improve economics and technology innovation…[and] enhance integration of renewables as its makeup of America’s power generation portfolio achieves new levels…[Also needed are increased] corporate renewable purchasing…[with high] levels of public awareness and support for renewable energy and electric vehicles as an actionable solution…[and financial innovation as capital stacks evolve to replace tax equity as a key source of project finance, and as the industry seeks a more standardized approach to finance new project offerings, such as renewables plus storage systems.” click here for more

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