Shared Renewables Could Supercharge California’s Clean Energy Economy
April 1st, 2013 | by Silvio Marcacci
California’s clean energy economy is already America’s largest, but two bills making their way through the state legislature could open access to renewables for millions of utility customers – without any subsidies. If passed, SB 43 and AB 104 would allow the 75% of California utility customers who can’t install their own on-site generation to subscribe to “shared” renewable energy projects of up to 20 megawatts (MW). Advocates say a 500MW shared renewables pilot program within the state’s three largest utility service territories would create 7,000 green jobs, earn $60 million in state sales tax revenue, generate $2 billion in economic activity, and voluntarily surpass the state’s 33% renewable portfolio standard
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