State-by-state renewable energy report released

Mar. 10, 2011 – The American Council On
Renewable Energy (ACORE) has released the 2011 update and redesign of its
report, Renewable Energy in America: Markets, Economic Development and Policy
in the 50 States, as an online resource. Compiling updated financial, market,
resource potential, and policy information in a single easily accessed
resource, the report is intended to be an executive summary for all who are
interested in the highlights of the renewable energy sector in each state.

The report shows that in 2010, the total
installed base of new renewable electricity exceeded 50 GW in the United
States. Texas, California, and Iowa led in renewable energy generation capacity,
whereas Iowa, Nebraska, and Illinois led in renewable fuels capacity.

With its ongoing development of diverse
renewable energy sources, California saw the most value from disclosed asset
finance transactions over the past two years for newly built projects. Washington
surpassed California as the state with the most venture capital and private
equity investment over the past two years, funding early stage technologies and
companies. From the U.S. government, Texas and Illinois received the most
funding from Recovery Act competitive grant and tax credit programs (1603 and
48C) to fund renewable energy projects and manufacturing facilities.

State-level policy commitments remained
strong, with 36 states plus D.C. having state-run renewable portfolio
standards, and 17 states plus D.C. having state funds for renewable energy.
Further information particular to each state is detailed under its two-page
executive summary in the report. The report may be accessed at:
www.acore.org/publications/50states.