New US Renewable Electricity Capacity Exceeded 50GW in 2010 0

The total installed base of new renewableelectricity exceeded 50 gigawatts (GW) in the United States in 2010, according to an updated state-by-state accounting. 

Texas, California, andIowa led in renewable energy generation capacity, while Iowa, Nebraska,and Illinois led in renewable fuels capacity, The American Council OnRenewable Energy (ACORE) noted in 2011 edition of "Renewable Energy inAmerica: Markets, Economic Development and Policy in the 50 States".

ACORE redesigned the report this year as an online resource, compilingupdated financial, market, resource potential, and policy information.The report is intended to be an executive summary for all who areinterested in the highlights of the renewable energy sector in everystate.

“The U.S. is blessed with an abundance of domestic renewable energyresources, and the states through effective policies and industrythrough investment and development are leading the way in harnessingthese resources for productive use,“ says Todd Foley, Senior VicePresident of Policy and Government Relations.

With its ongoing development of diverse renewable energy sources,California saw the most value from disclosed asset finance transactionsover the past two years for newly built projects. Meanwhile, WashingtonState surpassed California as the state with the most venture capitaland private equity investment over the past two years, funding earlystage technologies and companies.

From the Federal government, Texas and Illinois received the mostfunding from Recovery Act competitive grant and tax credit programs(1603 and 48C) to fund renewable energy projects and manufacturingfacilities.

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 itstwo-page executive summary in the report. The report is available at the link below.

Website: www.acore.org/publications/50states

Original Article on SustainableBusiness.com

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