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Renewable, Storage Targets, Creating $2.4 Billion Bond For Climate Adaptation

Massachusetts Governor Charlie Baker, a Republican, signed legislation on Aug. 9 that strengthens the state’s renewable portfolio standard by requiring a 2 percent boost in procurement of the supplies each year from 2020 to 2029, up from the current 1 percent annual increase. The current goal requires 15 percent by 2020, followed by a one percent increase each year. The bill also creates an energy storage target of 1,000 megawatt-hours by 2025, up from the current goal of 200 megawatt-hours by 2020. It requires an analysis to determine whether the state should procure an additional 1.6 gigawatts of offshore wind, and includes a “clean peak standard” requiring retail electricity suppliers to annually increase their kilowatt-hour sales from clean energy resources during seasonal peak demand hours. Baker also signed legislation that authorizes borrowing of up to $2.4 billion to fund programs that promote climate change adaptation, environmental protection, and recreational assets. (H 4857, H 4835)

August 9, 2018
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