Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE).
“ACORE applauds Congressman Blumenauer for his leadership in introducing the Renewable Energy Investment Act. We are now at a critical inflection point in America’s clean energy transition.
While important progress has been made, we will have to significantly increase our year-over-year deployment of renewable energy in order to decarbonize the grid on a timeline necessary to avoid the worst impacts of climate change.
By providing a 100% direct pay option for renewable energy tax credits, the Renewable Energy Investment Act will ensure the renewable energy deployment we need will continue to be built by the broadest universe of stakeholders as an integral foundation of America’s clean energy future.”
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.