New Jersey

CIT Group and RBC Capital worked together to fund the portfolio of projects spread across six states, with half the capacity in California and Arizona and the other half in the northeast.

The two bills will increase the state’s RPS to 50% by 2030, require 5% of electricity to come from behind-the-meter solar by 2021, set a 2 GW energy storage goal and bail out nuclear plants.

Bills to reform the state’s renewable energy mandate, increase its solar target and enable a community solar program have been re-introduced in the New Jersey House and Senate.

GTM Research and SEIA’s final report on the solar market in 2017 shows both the struggle of the residential solar market, as well as a larger than anticipated fall in utility-scale volumes, leading to a 30% contraction overall.

There WERE two bills pending in the New Jersey legislature. Now there is one – and it increases the state’s renewable portfolio standard and solar carve-out while also offering subsidies for nuclear plants.

GTM Research has issued new details that show that distributed solar installations will also see a more than 10% decline from the base case through 2022.

Despite the former governor’s attempt to scuttle RPS reform in the Garden State, the legislature has re-introduced the bill in the new legislative session in the hopes the new governor will sign it into law.

The now former governor of New Jersey snuck out of the office Tuesday with Senate Bill 2276 tucked in his pocket, meaning the state’s renewable portfolio standard will remain at levels the state’s solar industry says could result in a market crash and job losses.

The bill will increase utility targets for solar procurement to 5.2% of electricity sales in 2022. It now goes to the governor for approval.

The 5 MW-AC project sits on the 30-acre roof of a massive warehouse, as the company’s latest progress towards its 100% renewable energy goal.