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Press Releases

At REFF-Wall Street, Industry Leaders Discuss the Future of Financing as State-Driven Policies Lead the Way and Federal Policies Lag Behind

For Immediate Release—June 26, 2014

New York, NY – June 26, 2014 – At the Renewable Energy Finance Forum-Wall Street (REFF-Wall Street), hosted by the American Council On Renewable Energy (ACORE) and Euromoney Energy Events (EEE), top leaders from the financial industry, the renewable energy sector and the State of New York pointed to successful state-driven policies to spur private capital along with the convergence of information technology with energy technology as critical drivers for the industry – especially while federal programs remain widely inconsistent.

Tom Weirich, ACORE Senior Vice President of Corporate Relations, Named to U.S. Trade and Environment Policy Advisory Committee (3)

For Immediate Release -- May 5, 2014

Washington, DC — The American Council On Renewable Energy (ACORE) announced today that Tom Weirich has been appointed by U.S. Trade Representative Ambassador Michael Froman, to the Trade and Environment Policy Advisory Committee (TEPAC) of the Office of the U.S. Trade Representative (USTR), an advisory and honorary role. Weirich will continue to serve at ACORE as the Senior Vice President of Corporate Relations.

ACORE Announces Submission of Comments on DOE's Biofuel Research and Development Pathways

WASHINGTON, June 2, 2014 (GLOBE NEWSWIRE) -- Today, the American Council On Renewable Energy (ACORE) announced that it has submitted comments to the U.S. Department of Energy (DOE) which sought stakeholder input regarding the biofuel pathways that the DOE's Bioenergy Technologies Office (BETO) has selected to guide its research and development (R &D) strategy in the near-term. The comments were compiled by a diverse coalition of industry stakeholders convened by ACORE, and can be read, here.

ACORE Statement on Green Bank Act of 2014

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 Statement on Department of Defense Energy Security Act of 2014 (DODESA)

Washington, D..C, May 1, 2014 -- Yesterday, Senator Mark Udall and Congressman Scott Peters introduced the Department of Defense Energy Security Act of 2014 (DODESA), which would strengthen American energy security by improving the military’s battlefield effectiveness while saving lives and taxpayer money. Among the many proposals in the bill, DODESA 2014 calls for increased investment in energy efficiency and renewable energy technology, funding for fuel efficient vehicles, and deployment of “troop-portable power generation systems.”

Renewable Energy Policy Has Driven Massive Private Capital Investment; Industry Investment & Growth Now at Risk Due to Uncertain Policies

ACORE’s US PREF releases analysis on the impact U.S. policy has had on renewable energy investment and provides a snapshot of the road ahead, including new and innovative financing mechanisms for the industry.

Washington, D.C., April 24, 2014–Today, the US Partnership for Renewable Energy Finance (US PREF), a program of the American Council On Renewable Energy (ACORE), released a white paper entitled "Renewable Energy Finance, Market & Policy Overview" that aggregates the numerous policy mechanisms affecting renewable energy projects in the U.S. and provides an analysis of the impact these policies have had on private sector investment in the industry. The white paper also looks at innovative financing mechanisms the industry has recently developed including Securitization, YieldCos, and Green Bonds.

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