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  • bluecheese4u bluecheese4u Sep 13, 2013 9:37 AM Flag

    California approves shared renewable energy program

    California approves shared renewable energy program

    13. September 2013 | Global PV markets, Markets & Trends, Investor news | By: Ian Clover

    Approval of the largest program for shared renewable power in the U.S. passes in California, enabling schools, rental tenants and owners of homes in the shade to invest in solar energy projects.

    California’s Legislature has given the green light for the state’s "Green Tariff Shared Renewables Program", which is the largest of its kind in the U.S. and will allow rental tenants, schools, cities and many other interested parties to invest in California’s renewable energy projects.

    The program allows businesses and individuals to purchase shares in the renewable developments of three investor-owned utilities– Pacific Gas and Electric Co. (PG&E), San Diego Gas & Electric Co. (SDG&E), and Southern California Edison Co. (SCE) – in return for a greener electricity supply and, in the future at least, lower bills.

    The bill, labelled S.B 43, was passed by the Assembly and the Senate and is now on its way to the governor.

    "S.B. 43 will allow millions of Californians who cannot install their own solar unit, windmill or other renewable power generation system to obtain renewable energy through their utility," said Senator Lois Wolk, who drew up the bill’s details. "The bill will create thousands of jobs and encourage more investment in an important sector of California’s economy, while helping the state meet its renewable energy goals."

    The ruling allows the investment of up to 600 MW in renewable energy, of which 100 MW must be made available to residential customers. It will be overseen by the California Public Utilities Commission (CPUC), who will decide which clean energy projects qualify for the program and oversee how the cost benefits will trickle through to the customer.

    "We think it’s a big deal and a game changer," said Susannah Churchill, California policy advocate at Vote Solar Initiative, a local advocacy group. "S

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