A new bill﻿, which was﻿ passed﻿ in ﻿California last week, means that the state will lead the renewable energy push in the US, as﻿ investment in solar and wind energy and other sources of clean power will increase﻿. The SB 2030 bill requires utility companies in California to﻿ generate﻿ 50% of their electricity from renewable energy sources by 350. This means that over the next 15 years, California will have to build up a substantial infrastructure that can accommodate renewable energy sources and the state's utility companies will have to﻿ start issuing calls for power purchase agreements (PPAs). PAAs mean that solar, wind and other generators of renewable energy sources will be invited to submit their projects in a bid to﻿ win contracts and supply the state grid with green power.
A new bill﻿, which was﻿ passed﻿ in ﻿California last week, means that the state will lead the renewable energy push in the US, as﻿ investment in solar and wind energy and other sources of clean power will increase﻿. The SB 350 bill requires utility companies in California to﻿ generate﻿ 50% of their electricity from renewable energy sources by 2030. This means that over the next 15 years, California will have to build up a substantial infrastructure that can accommodate renewable energy sources and the state's utility companies will have to﻿ start issuing calls for power purchase agreements (PPAs). PAAs mean that solar, wind and other generators of renewable energy sources will be invited to submit their projects in a bid to﻿ win contracts and supply the state grid with green power.