Back to OurEnergyLibrary search




Increasing Investment and Capital Flows in Ohio: Why Ohio Policy Matters

Increasing Investment and Capital Flows in Ohio: Why Ohio Policy Matters

Full Title: Increasing Investment and Capital Flows in Ohio: Why Ohio Policy Matters
Author(s): American Council on Renewable Energy (ACORE)
Publisher(s): American Council on Renewable Energy (ACORE)
Publication Date: February 1, 2016
Full Text: Download Resource
Description (excerpt):

-Ohio’s Renewable Portfolio Standard (RPS) and other policies helped create a robust market for renewable energy generation. Over 430 megawatts (MW) of wind power and 100 MW of solar power have been constructed since the 2008 enactment of the RPS. Ninety-eight percent (98%) of Ohio’s renewable energy generation has been constructed since the enactment of the RPS.

-Ohio currently ranks 26th in the amount of installed wind capacity in the country and 20th in the amount of installed solar capacity. Due to Ohio’s traditional manufacturing strength, Ohio ranks 12 for the number of wind-related jobs (as of 2014) and 10 for the number of solar jobs.

-The scale up of renewable energy in Ohio has attracted more than $1.3 billion in asset finance, private equity and venture capital to Ohio since 2008. AWEA estimates that over $2.5 million in annual lease payments are made to Ohio landowners, providing additional income to rural communities.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of OurEnergyPolicy.org, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

Sign up for our Press Release Distribution List

    Your Name (required)

    Your Email (required)

    Please sign me up to receive press releases from OurEnergyPolicy.org.