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Renewable Energy

By 2015, the United States will be the world leader in annual PV installations. - GTM Research


At the Intersection of Supply & Demand Arizona is where everything you’re looking for comes together. Neighboring California, Arizona can not only serve the massive energy demand of the world’s 8th largest economy, but does so with the utmost efficiency. Locating or expanding in Arizona versus California takes a fraction of the time and companies enjoy operational costs of up to 40% less. Our unwavering, statewide commitment to this industry is evident through: • Landmark incentives created specifically for renewable companies • One of the most aggressive Renewable Energy Standards in the nation • Renowned, pioneering research institutions, including Arizona State University, home to the world’s first Global Institute of Sustainability

64%

15%

0.4%

1.8%

95%

of all U.S. utility-scale solar capacity in operation, under construction and under development is located in the Southwest.

Source: Solar Energy Industries Association Report, April 2011

1.7% 11%

1.7%

* Total of Operating, Under Construction and Under Development

We are particularly impressed with the interaction with higher education and research and development. And, of course, Arizona has a natural advantage in the solar-energy field. But we feel the state had really maximized that natural advantage and really established itself as the global competitor in solar energy.” – Editor Jack Rogers, Business Facilities Magazine

www.az4re n e w a b l e . c o m


Other States are Green with Envy... Why? Because renewable energy companies are flocking to Arizona. It’s that simple. Here are just a few of the global companies located in our backyard: Abengoa Solar (Spain) Solana Generating Station

Faist (London) Manufacturing Facility

Gestamp (Spain) Manufacturing Facility

Alpha Energies (United States) Corporate Headquarters

First Solar, Inc. (United States) Corporate Headquarters, U.S. Manufacturing Facility

Kyocera (Japan) Solar Division Headquarters

Centrosolar (Germany) U.S. Headquarters

Fluidic Energy (United States) R&D and Manufacturing Facility

A XP

Power-One (United States) Manufacturing Facility

ND WITH

U S

EnviroMission (Australia) U.S. Headquarters

E

Brightsource Energy (United States) Project Development

Rioglass Solar (Spain) Manufacturing Facility Saint Gobain (France) Manufacturing Facility Schletter (Germany) Manufacturing Facility Solon (Germany) Project Development Suntech Power Holdings Co. (China) U.S. Manufacturing Facility

Arizona: Natural Advantage It’s true – Arizona enjoys more than 300 days of sunshine annually. That provides us nearly 2.5 million megawatts of potential solar capacity. That provides you the opportunity to utilize our extraordinary research institutions and conduct testing all year long. And the Arizona market caters to doing just that. In fact, TUV Rheinland PTL and ASU have the only U.S. lab accredited for photovoltaic design qualification and type approval. A foundation for the very best in research and development, Arizona is the place to be – particularly for research-driven companies. www.gpec.org


Solar Insolation

Infinite supply of solar energy • An average of 321 days of sunshine • Highest concentration of sun in U.S. • 3x the solar insolation level as Germany; 2x that of Spain • Climate makes Arizona ideal for deployment of distributed and utility-scale generation capacity

Greater Phoenix: Poised To Become The Solar Capital Of The United States

Geographic Position

Access to major markets, customer base • Low-cost, low-regulation alternative well-positioned to service the California market • 95% of all U.S. utility-scale solar capacity in operation, under construction, and under development is located in the Southwest (CA, NV and AZ)

Demand Policy

Regulatory environment favorable to renewable energy companies • Aggressive Renewable Portfolio Standard (RPS) – mandates 15% renewables by 2025 • RPS includes highest solar carve out in the U.S. • To meet RPS, utilities offer rebates and performance-based incentives to residents and businesses • State tax credits for installation and production • In absence of PACE, companies like National Bank of Arizona developing effective bank financing for residents and businesses • Model Net Metering standards for other states • SSA drives commercial installations

SOLAR GEOGRAPHIC INSOLATION POSITION GEOGRAPHIC GEOGRAPHIC POSITION POSITION

DEMAND INCENTIVES POLICY

GREATE UNIQU PROP

Incentives Infrastructure

Rewards qualified companies, including manufacturing, headquarters and R&D projects • Arizona Renewable Energy Tax Incentive Program - Refundable credit equal up to 10% of investment - 75% reduction in property taxes for up to 15 years • Job Training Fund - Up to $1.5M in grants • Foreign Trade Zones - 75% reduction in property taxes • Refundable R&D tax credit - Includes a refundable option for small businesses • AZ Quality Jobs Incentive - $9K per job of corporate income tax credits www.az4re n e w a b l e . c o m

INCENTIVES INCENTIVES

INFRASTRUCTURE

AVAILABLE INCENTIVES RESOURCES


Human Capital

Renewable Energy

Mature talent and workforce pipeline • Critical location for semiconductor industry: 4th in nation for semiconductor manufacturing employment • Arizona State University (ASU): Nation’s largest producer of natural sciences and engineers • ASU home to world’s first Institute of Global Sustainability • Maricopa Community Colleges: AZ’s largest job-training provider and well-suited to train technician-level occupations in high-tech manufacturing industry

University Assets

Applied research models at Arizona State University • World’s largest solar testing & certification project: TUV Rheinland PTL • Joint-industry research: Solar Power Lab • Organic prototype: Advanced PV Center • Innovation: Solar America Initiative R&D federal grants • Multidisciplinary effort: LightWorks

HUMAN HUMAN CAPITAL CAPITAL

EDUCATIONAL UNIVERSITY ASSETS ASSETS

ER PHOENIX UE VALUE POSITION

Assets to support a renewable infrastructure • University partnerships: SkySong, ASU Technopolis, Arizona’s Technology Enterprises • Grant funding: Science Foundation Arizona, Solar Technology Initiative • Incubators: Home to more than five start-up incubators

Operating Environment

EMERGING HUMAN TECHNOLOGY CAPITAL

OPERATING HUMAN ENVIRONMENT CAPITAL

Emerging Technology

Advantageous business climate • One of the most cost-competitive locations in the U.S. • Minimal regulation • Permitting guaranteed in 60 days or less • Right-to-work state

Available Resources

An environment to support and grow industry • National Renewable Energy Laboratory (NREL): ranks AZ best for potential solar capacity • Abundant open land • Designated to have “most secure water supply” among the five Megapolitans in the Mountain West by Brookings

www.gpec.org


A Region Committed to the Success of the Industry Not since the growth of the aerospace industry in the 1950s have the public and private leadership in Greater Phoenix been so motivated to see an industry grow and thrive here. It seems nearly every week, something new is announced to better support the renewable industry. While NREL ranks Arizona number one in the U.S. for solar capacity, it’s more than just our natural advantage. Arizona’s renewable energy standards are some of the most aggressive in the nation, and our RPS includes one of the (if not the) highest solar carve outs in the nation.

Our leadership is consistently putting measures in place to increase demand in our market.

www.az4re n e w a b l e . c o m

STATE

CARVE OUT

BY YEAR

AZ

4.5%

2025

NM

4.0%

2020

DE

3.5%

2026

CO

3.0%

2020

DC

2.5%

2023

MD

2.0%

2022

IL

1.5%

2025

NV

1.5%

2025

NY

0.5%

2015

OH

0.5%

2025

PA

0.5%

2021

NH

0.3%

2014

MO

0.3%

2021

NC

0.2%

2018

Sampling of States with Solar/DG Provisions in RPS


Arizona “easily took the top ranking” as first in the nation for being a leader in renewable energy. – Business Facilities Magazine

Arizona’s Renewable Energy Incentive Program provides a 75% reduction on real and personal property taxes and a 10%

8M

W

46

04

MW

refundable income tax credit for solar, wind, geothermal and other renewable energy companies that expand or locate in Arizona.

75

800 700

Top 10 Markets:

600

Contracted Utility PV Pipeline

500

California

400

Arizona

300

MW

as

34

MW 35 Te x

Flo rid a

38

MW

MW ad o lar Co

Ne

w

Jer

se y

45

56

MW Yo rk w

io Oh

MW

MW Ne

Ne w

Me xic o

a va d Ne

ia

na izo Ar

Ca

lif

orn

0

57

100

99

10 6

MW

200

Source: GTM Research, The U.S. PV Market in 2011

www.gpec.org


GPEC: Your Connection to the Future The Greater Phoenix Economic Council (GPEC) is Arizona’s premier economic development organization. Representing Maricopa County, 20 communities and more than 150 private investors, GPEC connects companies with Arizona’s key leaders and influencers, and provides site-selection services at no cost. We aim to provide an easy and transparent way to evaluate our market with a focus on speed and efficiency.

Renewable Energy Greater Phoenix Economic Council 602.256.7700 | 1.800.421.4732 | info@gpec.org RENEWABLE ENERGY www.az4renewable.com

@gpec

gpec greater phoenix

greater phoenix economic council (groups)

greater phoenix economic council

Member Communities MARICOPA COUNTY

GILA BEND

PEORIA

APACHE JUNCTION

GILBERT

QUEEN CREEK

AVONDALE

GLENDALE

SCOTTSDALE

BUCKEYE

GOODYEAR

SURPRISE

CASA GRANDE

MARICOPA

TEMPE

CHANDLER

MESA

TOLLESON

FOUNTAIN HILLS

PHOENIX

WICKENBURG

www.gpec.org

Profile for GPEC

Renewable Energy  

Arizona is where everything you’re looking for comes together. Neighboring California, Arizona can not only serve the massive energy demand...

Renewable Energy  

Arizona is where everything you’re looking for comes together. Neighboring California, Arizona can not only serve the massive energy demand...

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