Product Details

State Clean Energy Policies Analysis (SCEPA): State Policy and the Pursuit of Renewable Energy Manufacturing

DescriptionFuture manufacturing of renewable energy equipment in the United States provides economic development opportunities for state and local communities. However, demand for the equipment is finite, and opportunities are limited. U.S. demand is estimated to drive total annual investments in renewable energy equipment to $14-$20 billion by 2030. Evidence from leading states in renewable energy manufacturing suggests that economic development strategies that target renewable energy sector needs by adapting existing policies attract renewable energy manufacturing more than strategies that create new policies. Literature suggests that the states that are most able to attract direct investment and promote sustained economic development can leverage diverse sets of durable assets—like human capital and modern infrastructure–as well as low barriers to market entry. State marketing strategies for acquiring renewable energy manufacturers are likely best served by an approach that: (1) is multi-faceted and long-term, (2) fits within existing broad-based economic development strategies, (3) includes specific components such as support for renewable energy markets and low barriers to renewable energy deployment, and (4) involves increased differentiation by leveraging existing assets when applicable.
File Name 
Product TypeReport/Plans
Num of Pages31
Document Size656 KB
First Received11/17/2011 12:00:00 AM
Program NameEnergy Analysis
Keywordsrenewable energy; renewable energy sector; renewable energy equipment; manufacturers; manufacturing; site; siting; siting decisions; renewable energy markets; state policies; policy; economic development strategies; economic development strategy; state marketing strategies; state marketing strategy; economic development; state; local; demand; investment; direct investment; durable assets; state renewable energy markets; infrastructure development; workforce training; community development; fiscal incentives; financial incentives; United States
Print Date2/1/2010 12:00:00 AM
Product ID5268
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