At REFF-West in San Francisco, Renewable Energy Experts Discuss the Key Drivers Affecting Renewable Energy Scale-Up and

  At REFF-West in San Francisco, Renewable Energy Experts Discuss the Key
  Drivers Affecting Renewable Energy Scale-Up and Financing

Sector leaders reaffirm need for long-term policy support to unlock untapped
capital, expansion

Business Wire

SAN FRANCISCO -- September 17, 2013

At the Renewable Energy Finance Forum-West (REFF-West), hosted this week in
San Francisco by the American Council On Renewable Energy (ACORE) and
Euromoney Energy Events (EEE), more than 60 experts from the public and
private sectors as well as the renewable energy industry addressed a gathering
of over 400 delegates brought together to explore the rapidly evolving
landscape of research, innovation, and market access that is driving the
industry's future.

According to ACORE’s newly released Western Region Report, nearly all existing
renewable energy technologies are well suited for deployment in the West.
Solar, wind, hydro, marine, geothermal, and a wide assortment of biofuels are
all in the mix of potential resources. In addition, the West benefits from
some of the best solar resources in the country, responsible for roughly 65%
of the nation’s solar photovoltaic capacity and 86% of the nation’s solar
thermal electric capacity. Finally, wind power projects have been built in
every Western state. In fact, California and Oregon rank in the top five
states for wind power capacity.

“If there was ever any doubt that the West is leading the way on renewable
energy production, distribution, and scalability, that was put to rest over
the past two days. Every conceivable renewable energy source is represented
here, and that makes western energy portfolios that much more stable and
secure,” explained Michael Brower, ACORE’s Interim President and CEO. “I
believe that our industry presents a solid investment opportunity to create a
more secure, prosperous America. And not just in the West. Ours is an industry
that will continue to innovate, create more jobs, lower our carbon emissions,
and strengthen America's energy future for decades to come."

Spanning a range of renewable and clean energy technologies, with a particular
focus on developments in the Western U.S., topics covered at this week’s
REFF-West included project financing, venture capital, renewable power
generation, emerging commercial technologies, and established technologies.
“Renewable energy growth has no limits here in the West. This is where
innovation and investment are propelling market access and driving down
costs,” added Dan Adler, Managing Director of the California Clean Energy Fund
(CALCEF), REFF-West and ACORE Board of Directors Co-chair. “There has never
been a better time to get involved in the renewable energy sector - either
here in the West or nationwide.”

The consensus of industry leaders at REFF-West was that the industry's
sustained long term growth remains dependent upon a sensible multi-year
approach to investor incentives. The industry as a whole has grown at a
tremendous pace due to the massive amount of new technologies coming online
and being allowed into the marketplace. Now is the time for large scale-ups of
renewables to bring costs in-line with legacy power sources to grow the
renewables’ relatively limited piece of the overall energy pie.

“We are absolutely delighted to see that the REFF-West conference has once
again grown in terms of delegates, sponsorship, and exhibitors.This is
testimony to the vitality of the renewable energy industry on the West Coast,”
concluded Henry Hely Hutchinson, Managing Director at Euromoney Energy Events.
“And by the looks of things and listening in on all of the great panels over
the past two days, I am certain that both western-based renewable energy and
REFF-West will be back and bigger than ever next year. Renewable energy is
here to stay. In the West and across the U.S.”

About REFF-West:

REFF-West is the largest renewable energy finance conference focused on West
Coast energy issues. It is hosted by the American Council On Renewable Energy
(ACORE) and Euromoney Energy Events, a London-based wholly owned subsidiary of
Euromoney Institutional Investor PLC. For more information, please visit
www.reffwest.com.

About ACORE:

ACORE, a 501(c)(3) non-profit membership organization, is dedicated to
building a secure and prosperous America with clean, renewable energy. ACORE
seeks to advance renewable energy through finance, policy, technology, and
market development and is concentrating its member focus in 2013 on National
Defense & Security, Power Generation & Infrastructure, and Transportation.
Additional information is available at www.acore.org.

About Euromoney Energy Events:

Euromoney Energy Events, part of Euromoney Institutional Investor PLC, is a
leading international events company that organizes high-profile conferences
for clean energy professionals worldwide. Our diverse portfolio of events
brings together senior delegates from the renewable energy and cleantech
industries with investors, financiers, and other professionals. The Renewable
Energy Finance Forum (REFF) series was launched in 1999 in London, and has
since grown into a portfolio of internationally renowned events that take
place annually in seven cities spanning Europe, the US, Asia and Latin
America. These include REFF Wall Street (New York), REFF London (London), and
REFF West (San Francisco). Additional information is available at
www.euromoneyenergy.com.

Contact:

American Council On Renewable Energy (ACORE)
Tim McHugh, 202-507-4637
mchugh@acore.org