New York has adopted sweeping measures to propel the state’s clean energy agenda, including adopting the nation’s most ambitious climate targets, awarding the largest offshore wind contract, and refining compensation rules to boost distributed solar.
Ameren, FirstEnergy, and Pepco are advancing sweeping plans to modernize the power grid. The programs, exceeding $7.5 billions in investments, mark the latest efforts by utilities to overhaul an aging, antiquated transmission and distribution system to make it more resilient, accommodate the growing penetration of renewable and distributed energy, and enhance customer-interaction.
Competition among U.S. states eager to take the lead in the nation's still nascent offshore wind sector is fueling growth and bringing the industry to new highs. Turning these goals into reality will be no small feat, as the targets are several hundred times the current installed capacity. Still, this hasn’t dissuaded states from doubling down on offshore wind commitments.
State renewable portfolio standards are a key driver behind the torrid expansion of wind and solar generation across the U.S., responsible for about half of the nation’s deployment of the clean energy sources over the last couple of decades, according to the Lawrence Berkeley National Laboratory. Over three dozen states, territories and the nation’s capital…...
