Full Title: Increasing Investment and Capital Flows in Illinois: Why Illinois Policy Matters
Author(s): American Council On Renewable Energy (ACORE)
Publisher(s): American Council On Renewable Energy (ACORE)
Publication Date: 12/2015
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-Illinois’ Renewable Portfolio Standard (RPS) has created a robust market for renewable energy generation. Over 3,700 megawatts (MW) of wind power and 55 MW of solar power have been constructed since the 2007 enactment of the RPS. Ninety-seven percent (97%) of Illinois’ renewable energy generation has been constructed since the enactment of the RPS.
-Illinois ranks 5th in the amount of installed wind capacity in the country and 25th in the amount of installed solar capacity.
-The scale up of renewable energy in Illinois has attracted more than $9 billion in asset finance and venture capital to Illinois. AWEA estimates that over $10.7 million in annual lease payments are made to Illinois landowners, providing additional income to rural communities.