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ACORE Applauds New York’s Proposal to Achieve 50 Percent Renewable Energy by 2030

A newly proposed mandate from Governor Cuomo would add to New York’s position as a national leader on renewable energy and climate change

Washington, D.C. – The American Council On Renewable Energy (ACORE) applauds Governor Cuomo and the State of New York on plans to advance their goal of generating 50 percent of the state’s power from solar, wind, hydroelectric, biomass or other renewable sources in 15 years. As reported today by the New York Times, the Governor’s plans to codify this goal will put New York on the forefront of states cutting carbon while taking advantage of economic gains achieved though the rapidly growing renewables industry.

“The Governor has already show his vision for a successful low carbon energy economy in New York thorough the state’s path-breaking Reforming the Energy Vision initiative, and ACORE applauds his continued leadership with the proposed mandate for 50 percent renewables by 2030,” said Dan Reicher, Interim President and CEO of ACORE and Executive Director of the Steyer-Taylor Center for Energy Policy & Finance at Stanford University. “With the adoption of this mandate, New York would join an elite group of states reaching for 50 percent clean, renewable power that cuts carbon emissions and grows the economy.”

ACORE has worked closely with the State of New York on its REV initiative, Green Bank and other programs to grow the renewable energy industry across the Empire State.

“The N.Y. renewables industry is strong and ready to take on this challenge,” said Todd Foley, Chief Strategy Officer at ACORE. “As the finance capital of the world, New York is also well positioned to take advantage of the fast-growing trend on Wall Street to finance clean energy projects. Investing long-term in a pro-renewables energy system will ensure that the citizens of New York enjoy both a healthy environment and a prosperous economy for many years to come.”

ACORE plays an active role in guiding the renewable energy finance industry, through the U.S. Partnership for Renewable Energy Finance and its annual New York-based finance conference, the Renewable Energy Finance Forum: Wall Street in June.


About ACORE:
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 2015 on National Defense & Security, Power Generation & Infrastructure, and Transportation. Additional information is available at www.acore.org

ACORE Media Contact:
Kevin Haley, ACORE
haley@acore.org, (202) 777-7584