Investors Confident In U.S. Renewables, Especially Utility-Scale Solar

One year into its campaign of reaching $1 trillion in U.S. private-sector investment in renewable energy and enabling grid technologies by 2030, the American Council on Renewable Energy (ACORE) has released a progress report showing that financial institutions are optimistic about further renewable energy growth.In 2018, the private sector invested more than $56.7 billion total in U.S. renewable energy and enabling grid technologies, including energy storage, according to ACORE’s report, “$1T 2030: The American Renewable Investment Goal.”Of these investments, $24.6 billion was for onshore wind, $21.8 billion was for solar, $8.2 billion was for enabling grid technologies and $2.1 billion was for other renewables, says the report.