Renewable Energy Update - May 31, 2011

In This Issue:

Spurred by report, California Assembly approves clean energy bill; RENEWABLE ENERGY FOCUS Report: Renewables, updated grid necessary to reduce GHGs in California; Analysis: California could generate 7% of its electricity with distributed geothermal; GE: Solar could be cheaper than fossil fuels, nuclear power in five years; California carbon law can proceed mostly unaffected by court ruling; CalISO approves renewable-friendly transmission plan; Group sues SLO county officials over Carrizo Plain solar project; NOTABLE RENEWABLE ENERGY PROJECTS AND DEALS Google, Citigroup to invest $55M each in California wind farm; Vestas gets 217MW wind turbine order in California; and SolarReserve gets $737M DOE loan guarantee for Nevada solar project.

Spurred by report, California Assembly approves clean energy bill

Public News Service - May 20

California lawmakers have approved legislation that would provide incentives to large industrial energy customers for installing on-site clean energy generators such as solar panels at their manufacturing facilities. Assembly Bill 864 passes next to Congress; the bill's supporters say it gives big businesses a government-sponsored opportunity to improve the environmental sustainability of their operations. A report on climate change by the National Academy of Sciences commissioned by Congress encouraged Assembly legislators to approve the bill, according to Public News Service.

Please see full update below for more information.

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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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