According to a new analysis by members of ACORE’s US Partnership for Renewable Energy Finance program, these provisions in House Bill 6, in addition to the more restrictive wind setback requirements already in place, could cost the state more than $11 billion in new investment and economic activity.
“Effective and predictable long-term policy is essential to unlock the immense investment potential for renewable energy in Ohio” ACORE President and CEO Gregory Wetstone wrote in the letter.
On behalf of its member companies ACORE is urging Governor DeWine to:
Drop the township referendum provision which discriminates against wind development;
Implement more reasonable wind setback requirements; and
Maintain the 12.5 percent RPS and oppose its elimination.
With a supportive policy framework, “Ohio could unleash substantial in-state investment, ensure low electric rates well into the future, and provide a cleaner environment for all Ohioans to enjoy” Wetstone added.
The renewable energy sector currently employs nearly 10,000 Ohioans and contributes millions of dollars each year in local revenue across the Buckeye State.
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