Investors optimistic about renewable energy growth, ACORE report finds

ACORE, the American Council on Renewable Energy, has released a progress report one year after launching its campaign to reach $1 trillion in U.S. private-sector investment in renewable energy and enabling grid technologies by 2030.

According to the report, in 2018 the private sector invested approximately $57 billion in U.S. renewable energy and enabling grid technologies, with the bulk of capital flowing to onshore wind and solar projects.

“Renewable energy remains one of the most attractive investment options in America today,” said Gregory Wetstone, ACORE president and CEO. “Over the long term, however, the renewable sector is going to need predictable policy drivers, competitive power markets and a modernized grid to meet its potential and answer Americans’ growing calls for a clean energy economy.”

ACORE also conducted a survey, included in the report, profiling the opinions of investment professionals who represent major institutions that financ