The bill’s long-term commitments reduced oversight for Duke Energy outweigh the renewable capacity increases and coal retirements it promises, according to those against it.
the goal represents a 700% increase in installed community solar capacity and comes with the tandem goal of creating $1 billion in energy bill savings.
The 1 MW installation is set to provide power to up to 1,000 customers, with more projects planned for Wisconsin and Iowa.
All four projects in the portfolio are planned to reach operation by Q3 2022, with the fourth project currently undergoing acquisition.
Dubbed the “Net Value Billing Tariff,” the program would be targeted at low-income and disadvantaged customers, who would be compensated based on the value of a project’s generation at the time it’s provided to the grid.
The funds have led to the completion of 30 solar + storage projects in low-income communities, with 63 more on the way.
SB 2 removes a series of barriers that have prevented community solar growth in Delaware, while also making it easier for low-income residents to access community solar.
An expansion on NY-Sun could create up to 6,000 jobs and advance New York’s position towards achieving 70% renewables by 2030.