NC Green Energy Industry Employs 34,000 according to Census
By Bruce Henderson
North Carolina renewable energy and energy efficiency businesses have created the equivalent of 34,000 full-time jobs and generate $6.4 billion a year in revenue, an industry group says.
Energy efficiency led the way, the North Carolina Sustainable Energy Association said in an annual report, accounting for about half the jobs and $2.5 billion of revenue in 2016. The solar sector ranked second-highest in earnings, with $1.4 billion in revenue.
Since 2007, “the clean energy industry has been one of the few sectors to achieve double-digit job growth throughout the recession and each year since, while steadily reducing costs and slowing the rise in the rates charged by our state’s electric utilities,” said executive director Ivan Urlaub.
The association has produced the report each year since 2008, a year after North Carolina’s legislature ordered electric utilities to include renewable energy and energy efficiency in their mixes of power generation. That law, coupled with now-expired state tax credits and continuing federal credits, launched the industry in the state.
A mark of the industry’s resilience, the association said, is that it has continued to grow despite uncertainty such as conservative political opposition to the policies that launched it.
ESG Investing: Where it is Now; Where it’s Headed; What to Do
Jun 13, 2022
Published by Michael Novogradac on Wednesday, June 1, 2022 The expanding awareness and interest in ESG–environmental, social and governance–investing could lead to a seismic increase in investor demand for community development tax incentives, […]
Monarch Private Capital Announces Financial Closing of 450 MW Wind Portfolio
Jun 20, 2022
The firm expands its breadth and depth of growing renewable energy division with its first wind power project Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances […]
Monarch Private Capital Finances 363 MW of Solar Energy Installations in October
Nov 15, 2022
The renewable energy facilities deliver clean power to regions of Georgia, Indiana, Minnesota, Texas and Virginia Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages […]