States' renewables mandates offer hope to US industry

With the US outlook uncertain for renewables incentives at the federal level, the industry is taking a closer look at the role state mandates can play to enhance development in the coming years.

A study by a group within the non-profit American Council on Renewable Energy finds that 3.25GW a year of new renewable generating capacity will be needed to meet mandates in 29 states and the District of Columbia — a total of 61.5GW by 2030.

“This is not an unreasonable amount of power,” says Mark Fulton, global head of investment research at Deutsche Bank, a member of the US Partnership for Renewable Energy Finance (US PREF), which conducted the study. US PREF is a coalition of 20 Log in to read complete article.

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