Renewable Energy Update - March 9, 2011


In This Issue:

California utilities miss state-mandated renewable energy goal; RENEWABLE ENERGY FOCUS - EPA delays GHG reporting deadline; On-farm renewable energy production shows strong growth; CPUC president bashes FHFA at PACE conference; U.S. solar growth hinges on big cash infusions; NRG CEO predicts diminishing demand for large-scale solar projects; Analysis: Distributed solar not a threat to solvency of utilities; DOE partners with U.A.E. program on solar PV coating project; Iberdrola to slash investment in new capacity in 2012; Wisconsin suspends wind siting rules; GOP legislators aim to keep California hydro projects running; SCE plans $750M solar power transmission project; SCE transmission line draws fire from SoCal residents; NOTABLE RENEWABLE ENERGY PROJECTS AND DEALS PG&E starts work on 50 MWs of new 250-MW solar project; L.A. utility places $32M order for residential solar PV panels; Solar Millennium close to securing $3.8B financing for California solar plant; SunRun, SunWize form partnership on residential solar PV; Spinnaker aquires 707MW Martifer renewables assets; AES announces financial close on California wind project; and U.S. offers $102M loan guarantee for Maine wind project.

California utilities miss state-mandated renewable energy goal

SF Gate - Mar 4

California's three largest utilities have failed to meet a state mandated goal of obtaining at least 20% of their electricity from renewable sources. The Renewables Portfolio Standard, enacted by the California Public Utilities Commission in 2010, required utilities in the state to attain the 20% goal on March 1. While none of them succeeded, Southern California Edison came closest, with 19.4% of its energy coming from renewable sources. Pacific Gas & Electric also came close to the target, with 17.7% of the energy it sold sourced from renewables. San Diego Gas & Electric obtained only 11.9% of its power from renewable sources. The utilities will still be able to comply with the CPUC goal by exceeding the 20% goal by, at minimum, the same amount by which they fell short in 2011 within the next three years.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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