Biz Group Vows $1T Renewables Investment in 12 Years

ROD WALTON | June 20, 2018

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A national nonprofit group comprised of major financial and technical businesses, utilities and educational institutions has launched a new campaign to raise $1 trillion for investment in renewable energies by 2030. The American Council on Renewable Energy, or ACORE, includes numerous groups vital to raising the capital needed for energy infrastructure projects. The group includes Amazon, BlackRock, Deloitte, Google, IBM, Morgan Stanley, NRG Energy, Consolidated Edison, Salt River Project, Wells Fargo, universities, and advocacy and research organizations, among more than 100 members. The campaign, called “$1T 2030: The American Renewable Investment Goal,” will be roughly split between direct private investment in renewable energy and in grid technologies such as energy storage. The move is meant to combat an expected decline in renewables investment after tax credits phase out, according to the ACORE release.

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Renew Estate

Renew Estate is an Australian company that develops renewable energy projects which will create long term and enduring benefits for Australia. We are a joint venture between experienced partners with the skills and resources to deliver these projects. Renew Estate is passionate about meeting the goals of all stakeholders and delivering appropriate and considerate use of land, technology and investment. Our goal is to embed sustainable energy into our rural and urban lifestyles and enhance energy security and affordability. We develop utility scale solar farms that are flexibly designed to work with the natural and built environment.

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