2010 Outlook for Renewable Energy

BusinessWire.com
February 09, 2010 11:00 AM Eastern Time

Industry Leaders Call for Immediate Passage of Key Policies To Create Jobs and Maintain American Competitiveness

WASHINGTON--(BUSINESS WIRE)--Today, top executives in the renewable energy sector gathered to applaud 2009’s strong renewable energy development but emphasized the need for Congress to swiftly enact key policies to continue accelerated growth across the entire sector in order to add jobs and boost economic growth in 2010.

“Policy matters in tapping hydropower’s tremendous growth potential in every state, which will lead to the creation of well-paying, family-supporting jobs”
.Executives stressed that if these policies are not enacted, the renewable energy sector could face a downturn in investment and jobs in 2010. Participants in today’s press conference represented the full scope of the renewables sector, including Denise Bode, CEO, American Wind Energy Association (AWEA); Linda Church Ciocci, Executive Director, National Hydropower Association (NHA); Robert Cleaves, President and CEO, Biomass Power Association (BPA); Karl Gawell, Executive Director of the Geothermal Energy Association (GEA); and Rhone Resch, President and CEO, Solar Energy Industries Association (SEIA).

The renewable energy leaders called for Congress to pass a strong national renewable energy standard (RES) with clear near- and long-term goals, along with expansion and extension of credit incentives, and comprehensive legislation. These policies will maintain American competitiveness and attract tens of billions of dollars of investment in clean energy production and manufacturing facilities. A major new study conducted by Navigant Consulting, Inc. reveals that a 25% by 2025 national RES would result in 274,000 more renewable energy jobs than a no-national RES policy scenario.

Read the full story