Renewable Portfolio Standard

Duke Energy Corporation and the Arizona Public Service Compay (APS) have signed a power purchase agreement (PPA) for electricity generated at two recently acquired Duke Energy photovoltaic (PV) solar installations in Arizona.

Calls for the U.S. to institute a Renewable Energy Standard (RES) have come from corporations, politicians, and trade associations alike.  However the RES proposed in legislation introduced in the Senate yesterday was not necessarily what these advocates had in mind.

Colorado recently instituted a very aggressive renewable portfolio standard (RPS), which makes the state's renewable energy growth potential monstrous.

 

Last month the Colorado State Senate passed a bill increasing the Colorado's RPS to 30% by 2020.  Currently, the state only generates 6% of its electricity from renewable energy sources. 

Experts often tout government policies as an important component of implementing energy efficiency. But, critics argue that such issues should not be subject to government regulation and should instead evolve out of the capitalistic market. Clean energy is spreading rapidly across the county, but what encourages such improvements?

As Lester Brown from Grist thoroughly indicates:  it is time to unequivocally recognize that the Clean Energy Revolution has begun.

 

Whether you are actively participating in the energy shift or not, it is happening.  Give me evidence, you say?  Sure. 

For those who are interested in renewable energy for its money making potential, there are signs which point to a growing and more settled market.

 

The renewable energy industry has received massive political and financial support from the U.S. government in the past year, and now it is  looking to secure more.

 

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