ABB_id2059
in News Departments > New & Noteworthy
print the content item

Gov. Arnold Schwarzenegger, R-Calif., has signed three bills that will increase California's use of renewable energy.

AB 2267 requires the California Public Utilities Commission to grant incentives to eligible California technology manufacturers. The bill also requires the California Energy Commission to give priority to state-based companies when granting awards.

AB 2466 authorizes local governments to receive a utility bill credit for surplus renewable electricity generated at one site against the electricity consumption at other sites.

"As we strive to meet our long-term renewable energy and climate change goals, California is leading the way in harnessing resources and creating innovative projects to help us get there," says Schwarzenegger. "By providing incentives for all Californians, we are promoting the growth of clean, renewable energy in our cities and on our farmlands. This legislation will benefit our state by creating jobs, protecting the environment and continuing to build a greener economy for all."

Schwarzenegger also signed SB 1754, which authorizes the California Alternative Energy and Advanced Transportation Financing Authority to enter into power purchase agreements with public and private entities for the purchase and sale of alternative energy.

SOURCE: Office of Gov. Arnold Schwarzenegger


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015