Strategic Advice for Attracting Renewable Energy Developers

By Ameer Kian, Sr Project Manager, WSB
July 15, 2024

As the global shift towards sustainable energy gains momentum, cities have a unique opportunity to position themselves at the forefront of the renewable energy movement. Attracting renewable energy developers not only contributes to environmental sustainability but also brings significant economic and social benefits. Learn strategies that cities can use to attract renewable energy developers and capitalize on the growing green economy.

Benefits of Attracting Renewable Energy Developers

Cities stand to gain immensely by attracting renewable energy developers.

• These projects often lead to direct economic benefits such as job creation in construction, maintenance, and operations of energy facilities.
• Renewable energy projects contribute to a cleaner local environment by reducing dependence on fossil fuels and lowering greenhouse gas emissions.
• They enhance the city’s appeal to environmentally conscious businesses and residents, positioning the city as a leader in sustainability and innovation.
• Having local renewable energy sources can improve energy security and stability, reducing vulnerability to external energy price shocks and supply disruptions.

Creating an Inviting Regulatory Environment

The foundation for attracting renewable energy investment is a supportive regulatory framework. Cities can streamline permitting processes, offer tax incentives and establish clear guidelines for renewable activity projects. These measures reduce hurdles and make the city more attractive to developers looking for efficient project approval timelines.

Leveraging Public-Private Partnerships and offering Financial Support

Public-private partnerships (PPPs) are a powerful tool for cities aiming to attract renewable energy projects. By partnering with private firms, cities can share financial risks while benefiting from the expertise and innovation of the private sector. These collaborations can lead to the development of state-of-the-art renewable energy facilities that might not be feasible through public funding alone. Additionally, cities can provide tax incentives or low interest loans to further reduce the financial burden on developers.

Investing in Infrastructure

Adequate infrastructure is crucial for the development and distribution of renewable energy. Cities that invest in upgrading their electrical grids, improving connectivity and ensuring the availability of suitable land for large-scale projects will be more appealing to energy developers. Furthermore, developing clear interconnection standards can help reduce the complexity and timing needed for the connection of renewable energy systems to the grid

Fostering Community Engagement and Support

Gaining the support of the local community is essential for the success of renewable energy projects. Cities can facilitate community engagement through educational programs that highlight the benefits of renewable energy, such as reduced carbon emissions and stable energy prices. Public forums and workshops can also be used to address any concerns and gather valuable feedback from citizens.

How WSB Can Help

Embracing renewable energy is a strategic decision that can lead to substantial rewards for cities. By creating a favorable business environment, investing in necessary infrastructure and engaging with the community, cities can attract top-tier renewable energy developers. WSB is uniquely qualified to assist cities in navigating this transition, having both renewable and municipal advisory experience. With our expertise in planning, environmental consulting, renewable energy, public engagement and city engineering, we can help you develop strategies that align with your goals and maximize the benefits of renewable energy projects.