Power Purchase Agreement

Shared Renewables Could Supercharge California’s Clean Energy Economy

12 years ago silviomarcacci 4 Comments

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…

China Atop Renewable Energy Ranks As Shale Gas Changes The Game

12 years ago silviomarcacci 11 Comments

Stop me if you’ve heard this before – renewable energy technologies face global challenges from fossil fuels and a lack of public subsidies, but new financing mechanisms and government mandates may be key to their continued growth.

What’s different now, according to Ernst & Young’s (E&Y) latest “Renewable energy country attractiveness indices,” is how shale gas development and crashing public financing are changing the way renewable energy is funded across the globe…

CA Utility Misses 37% Renewable Target as Geothermal Firm Faces Financing Woes

13 years ago susan 3 Comments

Riverside Public Utilities is a small electric power utility that serves 107,000 metered electric customers in Southern California. Like its bigger cousins in the sunshine state, it is aggressively pursuing renewable energy targets. But its high goal is threatened by the collapse of financing for a geothermal project it signed a contract for – that would have raised the supply of its renewable energy to 37%.