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, a 501(c)(3) non-profit membership organization, is dedicated to building a secure and prosperous America with clean, renewable energy. ACORE seeks to advance renewable energy through finance, policy, technology, and market development and is concentrating its member focus in 2013 on National Defense & Security, Power Generation & Infrastructure, and Transportation. Additional information is available at www.acore.org.