{"id":88617,"date":"2024-12-12T00:00:00","date_gmt":"2024-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/12\/acadia-to-launch-usd-9-bn-renewables-initiative-in-the-us\/"},"modified":"2024-12-12T00:00:00","modified_gmt":"2024-12-12T00:00:00","slug":"acadia-to-launch-usd-9-bn-renewables-initiative-in-the-us","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/12\/acadia-to-launch-usd-9-bn-renewables-initiative-in-the-us\/","title":{"rendered":"Acadia to launch USD 9 bn renewables initiative in the US"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Acadia spearheads USD 9 bn renewables push in the US: <\/strong>US investor <a target=\"_blank\" href=\"https:\/\/www.acadiainfrastructure.com\/\" style=\"\" rel=\"noopener\">Acadia Infrastructure<\/a><a target=\"_blank\" href=\"https:\/\/www.acadiainfrastructure.com\/\" style=\"\" rel=\"noopener\">Capital<\/a>, alongside companies including Microsoft, is spearheading a USD 9 bn initiative to develop renewable energy projects across the US, the project lead told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/acadia-companies-eye-9-bln-us-renewables-roll-out-2024-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The <a target=\"_blank\" href=\"https:\/\/www.climateinvestmentcoalition.org\/\" style=\"\" rel=\"noopener\">Climate and Communities Investment Coalition (CCIC)<\/a>, launched by Acadia with Microsoft as an anchor member, aims to accelerate corporate-led renewable energy financing. The initiative is expected to build around 5 GW of renewable power over five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reasoning: <\/strong>The CCIC's efforts are driven by the need for companies to meet environmental targets and access Renewable Energy Certificates (RECs). These certificates can be sold to companies looking to green their power supply or offset dirty emissions in their supply chains. The coalition's first deal saw Matrix Renewables secure financing for a 210-MW solar project, backed by Microsoft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Longi delays its mega solar module plant:<\/strong> Longi Green Energy has postponed the launch of its 15 GW solar module factory by 18 months due to overcapacity and intense price competition in the photovoltaic industry. Originally set to begin this month, the USD 414 mn project is now expected to be operational by June 2026. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-11\/longi-delays-solar-module-plant-in-china-as-sector-struggles?srnd=homepage-europe\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The company will develop 5 GW of renewables projects across the US<\/p>\n","protected":false},"author":1,"featured_media":88618,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,11,534,88,42,210],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseclimate","tag-longi","tag-renewables","tag-solar-energy","tag-usa","wpautop","entry"],"acf":{"mongo_id":"14c854b2-6f12-49fb-a97c-affc3132c592","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1182.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acadia to launch USD 9 bn renewables initiative in the US","related_issue":[88595],"teaser":"The company will develop 5 GW of renewables projects across the US","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.50d9c129-a9af-4627-8a88-0360af41f8f0.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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