New Analysis Reveals Total Economic Impact of NC Clean Energy from 2007-2020 to be $40.3 Billion
As one of North Carolina’s leading law firms in the Renewable Energy space, we couldn’t be more excited to announce the results of RTI International’s recent report concerning North Carolina clean energy project development.
According to the NC Sustainable Energy Association (NCSEA),
“RTI International conducted the report to identify associated economic impacts of clean energy development (renewable energy and energy efficiency) in North Carolina and identified that, from 2007-2020, the total economic impact from clean energy and energy efficiency project development in the state was $40.3 billion, with 17 percent of the cumulative clean energy investment over the last 14 years occurring in 2019 and 2020.”
In 2020 alone, there was an impressive $1.6 Billion dollar investment in renewable energy, up from just $26.2 Million in 2007. In addition, “several of North Carolina’s most economically-challenged counties, including Duplin, Robeson, and Halifax Counties, received the greatest amount of clean energy investment from 2007-2020,” the NCSEA website states.
Blanco Tackabery’s Renewable Energy Practice Group is a leader in NC and throughout the Southeast. Our experienced team has assisted in the development and financing of over a gigawatt of solar farms nationwide, including North Carolina, South Carolina, Georgia, Oregon, Minnesota, Maryland, Rhode Island and Illinois. We advise clients on every stage of renewable energy project development, from project concept through placement in service, and beyond.