Avascent has recently been analyzing privately-financed projects in federal renewable energy which provide the industry a rare opportunity during a period of fiscal austerity.
Overall, more than $5B is expected to be invested in federal renewable energy projects by 2016. Driven by energy security concerns, a focus on affordable and predictable utility costs, and the need to comply with executively mandated renewable standards, government customers are turning to the private sector for renewable energy solutions. Such efforts are strongly supported by the executive branch, as the President’s Climate Action Plan released this afternoon calls for federal agencies to source 20% of their facility electricity needs from renewables by 2020—more than doubling the current goal.
In this double digit growth market, opportunities abound for developers, ESCOs, construction contractors, technology providers, and component manufacturers. The brief analysis is linked below for your convenience. The critical issue is targeting the right opportunities and pulling together the resources necessary to effectively – and profitably – compete.
We trust you will find Avascent’s recent analysis of interest. To discuss this topic further, please contact Michael Papadales (firstname.lastname@example.org) for further information.
Download a copy of “Federal Renewable Energy: Growth Prospects in Declining Federal Markets”