in News Departments > New & Noteworthy
print the content item

North Carolina's clean energy policies have contributed to substantial county-level investments in renewable energy projects, according to new analysis of a recent RTI International report by the NC Sustainable Energy Association.

Overall, 22 North Carolina counties saw greater than $10 million in direct spending in clean energy development from 2007 to 2012, representing a cumulative investment of over $785 million.

The data comes from a report originally released in February by RTI International and La Capra Associates Inc. According to the study, over $1 billion in total renewable energy investments flowed into North Carolina counties over the past six years, with 88% of those investments coming in the form of projects valued at $1 million or greater, the report adds. Looking across the state, the NC Sustainable Energy Association says the study also found that North Carolina’s clean energy investments have been responsible for over $1.7 billion in gross state product since 2007.

According to the association, the new county-level review reveals that rural and suburban areas in counties such as Davidson, Person, Cabarrus and Robeson were among the biggest winners in the race to stake a claim to leadership on clean energy with the associated job and investment benefits that come with it.

“The data clearly shows that North Carolina’s clean energy policies are providing an economic boost in counties all around the state,” says Lowell Sachs, director of communications for the NC Sustainable Energy Association. “In addition to creating paths for future business development, these clean energy investments bring badly needed revenue that can support core functions of these communities like roads, schools, fire departments and police.”


Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965