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Home arrow Archive Industry News arrow July 2009 arrow ACORE calls on Administration and Investment Sector to create funding program
ACORE calls on Administration and Investment Sector to create funding program PDF Print E-mail
Wednesday, 15 July 2009

ACORE calls on Administration and Investment Sector to create funding program Hosted by The American Council on Renewable Energy (ACORE) and Euromoney Energy Events, REFF-Wall Street, the leading national conference of over 600 top executives, developers, investors and lenders in the renewable energy industry, discussed the effect of the financial crisis and economic recession on renewable energy companies and projects, and the steps that need to be taken to ensure that the sector has the financing, incentives and support to thrive.

 

According to the speakers at this year’s edition “Wall Street and the private sector will need to be working hand in hand with the Federal government to both shape and execute new financial initiatives for the renewable energy marketplace, in order to overcome the current temporary lack of financing and build a new partnership for recovery and continued expansion over the next decade.”

 

“We ask President Obama to set firm deadlines for program guidelines and decisions, and urge him to ask the Office of Management and Budget to act as a facilitator and not a bottleneck on the process.  We must find ways of using the government’s capacity to provide incentives, and Wall Street’s capacity to go to scale,” said Michael Eckhart, President of ACORE.

 

The speakers included Michael Eckhart, President of ACORE; Dan Reicher, Director, Climate Change & Energy Initiatives, Google Inc.; John Geesman, Co-Chair of the Board of Directors for ACORE; Nobuo Tanaka, Executive Director, International Energy Agency (IEA); Neil Auerbach, Managing Partner, Hudson Clean Energy Partners; and John Cavalier, Managing Partner, Hudson Clean Energy Partners.





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