Investing in the Future of Energy

Allco Renewable Energy Limited is a New York-based renewable energy firm that develops and invests in solar projects. Allco has the development and operational teams needed to support a diversified renewable energy organization, coupled with the in-house financial, tax andd structuring expertise required to succeed in an industry
that remains economically challenging. Since 1995, Allco group companies in the U.S. have arranged financing in sectors including aviation, rail, high technology, water/wastewater, power and infrastructure for a wide variety of corporate and governmental entities.
To combat climate change by developing sustainable and economically viable renewable energy generation, while maximizing the creation of jobs and minimizing the impact to the environment.

As part of its corporate mission to combat climate change, Allco seeks to enforce rights of a special type of renewable energy generators called Qualifying Facilities or QFs generally. It engages in that part of its mission by participating in various proceedings to enforce laws that benefit developers of renewable energy QFs on a broad scale, so as to open up markets broadly to QFs by overcoming the traditional reluctance of utilities to purchase renewable energy from QFs.

President Barack Obama has rightly called climate change the greatest threat to national security. We now regularly see reports of collapsing glaciers in Antarctica caused by the continued inaction on climate change [1]. Since 2000 the planet has experienced 14 of the hottest years on record, and recently scientists at the US National Oceanographic and Atmospheric Administration have debunked the notion that climate change has slowed down [2]. In June researchers at Stanford, Princeton and Berkeley issued a report that the effects of climate change, pollution and deforestation have caused the Earth to enter the beginning of a new extinction phase where humans could be among the first casualties [3]. The evidence that dramatic and immediate action is required continues every day. Just a couple of months ago, a study written by NASA’s former lead climate scientist and 16 co-authors, “concludes that glaciers in Greenland and Antarctica will melt 10 times faster than previous consensus estimates, resulting in sea level rise of at least 10 feet in as little as 50 years.” [4] Allco’s corporate mission includes advancing the goals of fighting the devastating impacts from climate change by seeking to open up markets to QFs broadly, and challenge utilities actions that are contrary to their obligations under federal law to QFs.


Sustainability is based on a simple principle: Everything that we need for our survival and well-being depends, either directly or indirectly on our natural environment. Sustainability creates and maintains the conditions under which humans and nature can exist in productive harmony. Solar energy embodies this very definition. Solar energy provides an energy resource while requiring nothing other than the sun’s radiation as a fuel source. While not requiring any fuel, solar also emits zero carbon emissions. This equals productive harmony!
At the beginning of 2014, the US solar industry employed more than 142,000 workers. In 2013, US Solar Jobs grew at a rate ten times faster than the national average employment growth. This is a testament to the impact companies like ours has had on the economy. As the cost of solar energy continues to decline, businesses, utilities and the government continue to invest more money into this growing industry. An average solar farm built by Ecos Energy creates enough work for approximately 50 people. Whenever possible, we source as much of our construction labor from the communities in which the solar farms are built.
In 2010 the cost of a solar module (panel) from many manufacturers was over $2.00 per watt. In just over 4 years, that price has dropped more than 65%. Since solar modules account for a large portion of the construction costs of a solar farm, these declining prices have had a staggering impact on the price of solar energy. What was once considered to be too expensive, solar energy has now become competitive with fossil fuels in certain parts of the country with abundant solar resources. In many cases, our company is selling solar power at the utility’s avoided cost. This is what is known as grid parity and is something the renewable energy industry has strived to achieve for years. Not only is solar energy viable, but it’s now cost competitive with its fossil fuel counterparts in many cases.

Meet Our Team

Thomas Melone

President & Chairman

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Michael Melone

Vice President & General Counsel

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