Statement by Gregory Wetstone, ACORE President and Chief Executive Officer
WASHINGTON, April 17, 2017 – “We’re puzzled that the Department of Energy is launching a new study based on the premise that renewable energy policies are accelerating the decline of coal and nuclear plants, or somehow undermining grid resilience. Numerous studies have demonstrated otherwise, including the 2016 long-term reliability assessment from the North American Electric Reliability Corporation.
The reality today is that renewable power offers the only realistic economic alternative to natural gas. Together, renewables like wind and solar have combined with natural gas to produce virtually all of the nation’s major new electrical capacity since 2014. The fact is that low natural gas prices have made coal and nuclear less competitive economically.
As the Governor of Texas who presided over a dramatic increase in renewable power, Secretary Perry has seen how well the grid can work with high levels of renewable generation that help grow the state’s economy.
If the concern is about reliability, the solution is to modernize the nation’s antiquated grid infrastructure, much as Secretary Perry did in overseeing billions of dollars of investment in Texas’ transmission system.”
The American Council On Renewable Energy (ACORE) is a national non-profit organization dedicated to providing value to the renewable energy industry through market development, policy changes, and financial innovation. With hundreds of member companies from across the spectrum of renewable energy technologies, consumers, and investors, ACORE is uniquely positioned to promote the policies and financial structures essential to growth in the renewable energy sector. The organization’s annual conferences in Washington, D.C., New York and San Francisco set the industry standard in providing important venues for key leaders to meet, discuss recent developments, and hear the latest from senior government officials and seasoned experts. For more information, visit the ACORE website and follow @ACORE on Twitter.
Gil Jenkins, ACORE