This analysis presents the results of a new survey of prominent financial institutions and renewable energy development companies on their confidence in the sector amid the ongoing impacts of COVID-19.
This report also tracks progress on the $1T 2030: American Renewable Investment Goal, which is an initiative ACORE launched in 2018 to help secure $1 trillion in private sector investment in renewable energy and enabling grid technologies by 2030. One trillion dollars of investment over 2018-2030 would represent more than two times the historic investment in the U.S. renewable sector before the campaign and more than double our existing renewable capacity, bringing us closer to meeting climate goals.
On June 19, 2018, the American Council on Renewable Energy launched a new campaign that aims to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030.
Through $1T 2030: The American Renewable Investment Goal, the country’s major providers of capital for energy infrastructure projects have now come together in a coordinated effort to accelerate the investment and deployment of renewable power as the sector moves to the next stage of market maturity.
$1T 2030 is managed through the Partnership for Renewable Energy Finance (PREF), a senior-level ACORE member program widely regarded as the nation’s most credible educational resource on renewable energy finance. The campaign will leverage the network of ACORE members and supporters, highlighting a combined set of common sense policy reforms and distinct market drivers that are necessary to reach this ambitious goal.
In the absence of new policies, most analysts expect the recent booming pace of renewable investment to decline in the early 2020s, but if we adopt the pathway for growth articulated by this campaign, America will close the innovation and investment gap with other nations, build on the impressive track record of job creation in wind, solar and related fields, and stay within striking distance of the U.S. commitment for greenhouse gas emission reductions outlined in the Paris Accord.
Statement from Mona Dajani on Progress Toward ACORE’s $1T 2030 American Renewable Investment Goal
Source: North American Clean Energy | July 14, 2020
Renewable Energy Growth Stymied by Pandemic, but Optimism Is High
Source: Power Magazine | July 16, 2020
Investors bullish on US renewables investment target: ACORE
Source: Kallanish Energy | July 16, 2020
New Analysis: The $1T 2030 American Renewable Investment Goal Remains Within Reach, but Pandemic Presents Challenges
Source: Energy Central | July 15, 2020
Biden outlines $2T plan to invest in renewables, electrification
Source: Utility Dive | July 15, 2020
Survey shows confidence in US renewables growth in 2020-23 but virus challenges are there
Source: Renewables Now | July 15, 2020
Biden aims for ‘sweet spot’ with upgraded $2 trillion clean energy plan
Source: Washington Examiner | July 14, 2020
$1tn by 2030 US renewables goal ‘achievable’
Source: reNews | July 14, 2020
Even in Midst of Covid, Report Says Investors Remain Optimistic About Renewable Energy Growth
Source: Environment+Energy Leader| July 14, 2020
Progress on Acore $1trn clean-energy capital drive hit by ‘near-term headwinds’
Source: Recharge News | July 14, 2020
Source: International Business Times | July 14, 2020
American investors remain optimistic about long-term renewable energy growth finds ACORE analysis
Source: Renewable Energy Magazine | July 14, 2020
American RE investment could be on track for $1T by 2030
Source: Smart Energy Decisions | July 14, 2020
Source: Alt Energy Magazine | July 14, 2020
Renewable Energy is Booming. Here’s How to Keep It Going Source: Fortune | July 2, 2019
Renewables financing race seen off to a slow start Source: S&P Global Markets | June 21, 2019
Study shows high investor confidence in renewable energy Source: Daily Energy Insider | June 20, 2019
U.S. senators join push for solar tax credit extension Source: PV Tech | June 20, 2019
America’s leading financial institutions report high confidence in renewable sector growth Source: Renewable Energy Magazine | June 20, 2019
America’s Leading Financial Institutions Report High Confidence in Renewable Sector Growth Source: North American Clean Energy | June 19, 2019
Investor confidence in U.S. renewables remains high, finds ACORE Source: Windpower Engineering & Development | June 18, 2019
U.S. solar installations have best first quarter in history Source: Energy Wire | June 18, 2019
ACORE Releases $1 Trillion-by-2030 Renewable Energy Investment Campaign Progress Report Source: Energy Central | June 18, 2019
U.S. Renewable Energy Scored $57 Billion in Private Investment in 2018: ACORE Report Source: Think Advisor | June 18, 2019
ACORE survey shows financial institutions have high confidence, interest in solar investments Source: Solar Builder Magazine | June 17, 2019
U.S. clean energy investors keenest on PV, storage in trillion dollar race Source : PV Tech | June 17, 2019
ACORE: Investors Remain Confident In U.S. Renewables, Especially Utility-Scale Solar Source: Solar Industry Magazine | June 17, 2019
ACORE: Investor Confidence In U.S. Renewables Remains High Source: North American Windpower | June 17, 2019
ACORE $1trn campaign on course but hindered by Trump policy limbo Source: Recharge News | June 17, 2019
ACORE: Greater investment in wind, but more interest in solar + storage Source: PV Magazine | June 17, 2019
Greg Wetstone: U.S. on track for $1trn renewables investment drive Source: Recharge News (op-ed) | June 17, 2019
Investors confident in continued growth of renewables Source: Washington Examiner | June 17, 2019
ACORE survey finds U.S. clean energy investors keenest on PV, storage in trillion dollar race Source: PV Tech | June 17, 2019
New investor-backed campaign targets a trillion dollars for US renewables Source: Utility Dive | Published: July 13, 2018
(Op-Ed) Top Renewable Energy Financiers Reveal Pathway To $1 Trillion In U.S. Investment Source: Forbes | Published: July 11, 2018
Aiming for investments of $1 trillion Source: Marketplace | Published: July 5, 2018
What Financiers Need to Unlock $1 Trillion in Renewable Energy Investment Source: Greentech Media | Published: June 22, 2018
ACORE Launches New Campaign To Reach $1 Trillion In US Renewables Investment Source: CleanTechnica | Published: June 21, 2018
Renewable energy investments may double by 2030, reaching $1 trillion, survey finds
Source: AgriPulse| Published: June 19, 2018
New ACORE Campaign Shoots For $1 Trillion U.S. Renewables Investments Source: North American Windpower | Published: June 19, 2018
$1 trillion by 2030 – ACORE lays out a US pathway Source: PV Magazine | Published: June 19, 2018
One year into its campaign to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030, ACORE released 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.The 2019 report also includes an updated survey of America’s 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.
$1T 2030 is founded on a range of insights drawn from an ACORE survey of renewable energy investors gauging confidence in the U.S. renewable sector and the impacts of supportive policy reforms and market drivers.
“The Future of U.S. Renewable Energy Investment: A Survey of Leading Financial Institutions,” collected data and insights from senior-level respondents across banking institutions, asset managers, private equity firms and other financial firms that together represent approximately one third of annual U.S. renewable energy investment.
For more information about the $1T 2030 campaign please contact:
Lesley Hunter Vice President of Programs 202.507.4630 hunter@acore.org
Alex Hobson Vice President of Communications 202.777.7584 hobson@acore.org
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