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.
The home improvement giant will add nearly 50,000 solar panels to new sites in five states in a push to meet its alternative-energy use goals of 135 MW by 2020.
The residential solar company’s Q2 results show a smaller Vivint that is emphasizing direct sales versus the third-party model.
Despite slower solar numbers in its monthly reports, NJ BPU expects a decline of at most 15% by the time data is finalized.
The third party solar provider plans to set up kiosks in retail locations in five states by the end of June, with more to come by the end of the year.
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