7 Regions Expected to Boom in the Renewable Energy Sector

The renewable energy sector is growing at a fast pace worldwide. As the need for sustainable sources increases, countries worldwide are developing resources that will lead the way in renewable energy. These developments are also occurring all over the United States. Some states or regions in the country are leading the way in the country’s renewable energy sector through the increase in the use of renewable energy sources to power cities and through innovation in the sector. These 7 regions expected to boom in the renewable energy sector:

The Midwest

The Midwestern part of the US, including Iowa, Illinois, and Michigan, demonstrates a strong potential for growth in the renewable energy sector. This region has increased the use of solar and wind energy for electricity generation across different states. Big wind and solar companies are operating, including Pine Gate Renewables and Summit Ridge Energy LLC, which both deal in solar energy, and the MidAmerican Energy Company and GSG Wind Energy, which both deal in wind energy. The wide-open spaces in the region and high average speeds make it ideal for wind power generation, and solar installations are increasing all over the region for energy and agricultural use. The region has also been supported by policies like the Inflation Reduction Act, the Illinois Renewable Portfolio Standard (RPS), and the Clean and Renewable Energy and Energy Waste Reduction Act in Michigan, which will help boost investment into renewable energy infrastructure.

The Northeast

The Northeastern region of the US has an abundance of wind and solar sources that can be used to produce renewable energy. The states in this region, including New York and Massachusetts, have set goals to reduce their carbon footprints and carbon emissions. The developments made to achieve these goals have helped the region see and expect a boom in the renewable energy sector. Major renewable energy companies have also begun operations in this region. This includes AEC Solar in New England, Ambient Fuels in New York, Avangrid Inc. in Connecticut, etc. The region has good wind speeds, shallow waters, and proximity to population centers, which makes offshore wind a promising renewable resource. The region has seen an increase in solar installations, as well as an increase in investments in solar and offshore wind projects. Policies like the Climate Act, the LD 1494, an act to reform Maine’s renewable portfolio standard, the Climate Change Bill in Massachusetts, etc., have helped accelerate the growth of the renewable energy sector in the region.

The Southeast

The states in the Southeast region of the US are expected to boom in the renewable energy sectors due to a range of contributing factors. These factors include the increase in wind and solar energy resources. States like Florida and Georgia are dependent on solar energy and biomass for electricity generation. Some states in this region have also introduced different policies and mandates enabling the renewable energy sector to grow. This includes a Louisiana law requiring utilities to offer net metering to customers produced through renewable energy, the TDEC Office of Energy Programs (OEP) in Tennessee that supports and promotes clean energy financing and funding programs, and many others. The region has also seen a growing number of renewable energy companies like Aries Clean Energy, Solar Site Design, SunPower, etc. establishing in the region.

Pacific Northwest

States in the Pacific Northwest include Washington, Oregon, and many others. These states have set clean energy standards and goals to have 100% zero emissions by 2045. The region also has a historically robust hydro network that provides one of the cleanest power supplies in the country while also having the capacity to integrate additional renewables. The introduction of different kinds of policies that support the growth of the sectors has also helped it to grow. The Clean Energy Transformation Act (CETA) in Washington promotes the use of renewable resources to achieve long-term climate goals, as well as the renewable energy portfolio standards (RPS) in some states in the region have contributed to the sector’s growth. Some states in the region are also increasing investment towards wind and solar energy to develop a robust renewable energy infrastructure. This has also increased the number of renewable energy companies in the region, like SolarWorld Americas Inc., Clean Power Research, Ameresco, etc. These are a few reasons why the Pacific Northwest is expected to boom in the renewable energy sector.

The Rocky Mountains

The Rocky Mountain region includes the states of Colorado and Utah. This region has significant potential for solar and wind energy, with a variety of renewable energy projects established in the region. Some states have set ambitious renewable energy goals and are committed to achieving 100% renewable energy with the help of Renewable Energy Standards that are unique to each state in the region, as well as other policies like the Community Renewable Energy Act of 2019 in Utah that enables the cities to work in conjunction with Rocky Mountain Power, or the Renewable Energy Bill of Rights in Nevada that enables individuals in the state to generate, consume and export renewable energy. The steps taken by states in the region have enabled it to see an expected boom in the renewable energy sector, which is steadily growing because of the growing number of renewable energy companies in the region. These include companies like SunPower, Sunrun, Bloom Energy, NextEra Energy, etc.

Texas

Texas is a leader in the production and use of renewable energy. The state is expected to see an even bigger boom in the renewable energy sector as it continues to develop to achieve its target of having 10,000 MW of renewable energy capacity by 2025. Texas leads the production of wind power throughout the country and is working to increase the production of solar power. The growth in the renewable sector energy in the state was possible because of the increasing number of renewable energy companies here. Companies like Atmos Energy, Clean Power Research LLC, Green Mountain Energy, etc., have generated large sums in tax revenue that will benefit the local communities. Texas also has strong state policies that support the growth of renewable energy, such as the Renewable Portfolio Standard and the Renewable Energy Policy in the state.

California

The state is one of the country’s top producers of electricity from solar and geothermal energy. There has been a substantial increase in the production of electricity sales from renewable sources. California is making steady developments towards reaching its goal of having 60% renewables by 2030. The state also has a policy that requires the use of renewable energy and has zero carbon resources to supply 100% of electric retail sales by 2045, as stated in Senate Bill (SB) 100. The state also has a Clean Energy and Pollution Reduction Act (Senate Bill 350) that aims to reduce the production of greenhouse gases in the state and supports the establishment of renewable energy and green energy companies like Stellar Solar, US Renewable Energy, California Green Energy Construction, etc.

5 Canadian Provinces Predicted to Thrive in the Next Economic Boom

To thrive in an economic boom, a region needs good infrastructure, talented people, government policies that support growth and uplift the economy, and a culture of entrepreneurship. Often, the demography can also be a significant indicator of a region’s economy in the next few years. Although reports may vary on which regions will perform the best economically, certain regions come up on every list. Here are 5 Canadian provinces predicted to thrive in the next economic boom:

5 Canadian Provinces Predicted to Thrive in the Next Economic Boom

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