State Clean Energy Policies Analysis (SCEPA): State Policy and the Pursuit of Renewable Energy Manufacturing
Future 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.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- AC36-99-GO10337
- OSTI ID:
- 972515
- Report Number(s):
- NREL/TP-6A2-46672; TRN: US201005%%323
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
CAPITAL
COMMUNITIES
ECONOMIC DEVELOPMENT
MANUFACTURERS
MANUFACTURING
MARKET
MARKETING
TARGETS
RENEWABLE ENERGY
RENEWABLE ENERGY SECTOR
RENEWABLE ENERGY EQUIPMENT
SITING
SITING DECISIONS
RENEWABLE ENERGY MARKETS
STATE POLICIES
POLICY
ECONOMIC DEVELOPMENT STRATEGIES
STATE MARKETING STRATEGIES
Energy Analysis