{"id":25818,"date":"2019-07-08T12:20:39","date_gmt":"2019-07-08T16:20:39","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=25818"},"modified":"2019-08-26T14:02:19","modified_gmt":"2019-08-26T18:02:19","slug":"americas-leading-financial-institutions-report-high-confidence-in-renewable-sector-growth","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/americas-leading-financial-institutions-report-high-confidence-in-renewable-sector-growth\/","title":{"rendered":"America\u2019s Leading Financial Institutions Report High Confidence in Renewable Sector Growth"},"content":{"rendered":"
>> Back to July\/August 2019<\/a><\/div>\n

ACORE Releases New Survey and Progress Report on $1T 2030: The American Renewable Investment Goal<\/h3>\n

\"\"One year into its campaign to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030, the American Council on Renewable Energy (ACORE) is releasing a progress report tracking U.S. renewable investment and assessing the policy and market pathways needed to achieve $1T 2030: The American Renewable Investment Goal.<\/p>\n

The new report also includes an updated survey of America\u2019s leading financial institutions that reports high near-term confidence for renewable energy growth over the next three years and a strong appetite for increased investment.\u00a0 Download the Report<\/strong><\/a><\/p>\n

\u201cRenewable energy remains one of the most attractive investment options in America today,\u201d<\/em> said Gregory Wetstone, ACORE\u2019s President and CEO. \u201cOver the long-term, however, the renewable sector is going to need predictable policy drivers, competitive power markets and a modernized grid to meet its potential and answer Americans\u2019 growing calls for a clean energy economy.\u201d<\/em><\/p>\n

In 2018, the private sector invested more than $56.7 billion in U.S. renewable energy ($48 billion) and enabling grid technologies, including energy storage ($8.2 billion).<\/p>\n

Among the key findings of ACORE\u2019s new survey gauging investor confidence in the U.S. renewable energy sector:<\/p>\n

\u2022 Investors\u2019 confidence in renewable energy sector growth over the next three years remains high, with an average confidence level of 77\/100<\/p>\n

\u2022 Renewable energy maintains its attractiveness compared with other asset classes in respondents\u2019 portfolios<\/p>\n

\u2022 Most 2019 survey respondents indicated that the U.S. continues to be an attractive venue for investment compared with other leading countries<\/p>\n

\u2022 More than one-third of survey respondents plan to increase their investments in U.S. renewables by more than 10% in 2019 compared to 2018; no respondents reported that they would decrease their investments by more than 5%<\/p>\n

\u2022 Utility-scale solar and energy storage tied as the most attractive renewable energy investment options between 2019 and 2022, with onshore wind close behind<\/p>\n

\u2022 Investors cited the low cost of renewable energy, expanded state renewable portfolio standards, increased demand from corporate end-users, the potential for new carbon legislation, and a rush to benefit from the tax credits before they sunset among their main reasons for optimism over the next three years<\/p>\n

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