Acadia, companies eye $9 billion US renewables roll-out

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LONDON : U.S. investor Acadia Infrastructure Capital and companies including Microsoft are looking to help develop a $9 billion pipeline of renewable energy projects across the country, the project lead told Reuters.

FILE PHOTO: Solar panels are arrayed on Earth Day in Athol, Massachusetts, U.S., April 22, 2022. Picture taken with a drone. REUTERS/Brian Snyder/File Photo

The benefits could include things like supporting access to clean energy at reduced prices for low- and middle-income households, hiring local people, and supporting contractors with diverse ownership, he said. "It's just about the pace of build out. Renewable energy... will continue to expand without corporations. With corporations, the pace becomes exponential," O'Callaghan said, adding the company investment would help attract other investment dollars.

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