How does today’s regulatory environment impact the development of solar energy plants?
The combination of environmental concerns and persistently higher prices for commodity fuels has caused a number of states to adopt Renewable Portfolio Standards (RPS) that require their utilities to purchase as much as 33% of their power from renewable energy sources such as wind, hydro and solar by specified dates. These and other regulatory mandates including federal mandates and tax incentives provide an environment conducive to the development of alternative energy solutions and make the building of solar power plants cost effective. A favorable governmental and regulatory climate makes the delivery of renewable energies possible. And, these requirements, such as the RPS in place for California that requires utilities to purchase 20% of its power from renewable sources by 2011 and 33% by 2017, help to encourage utilities to make the development of alternative energy sources possible.
The combination of environmental concerns and persistently higher prices for commodity fuels has caused a number of states to adopt Renewable Portfolio Standards (RPS) that require their utilities to purchase as much as 33% of their power from renewable energy sources such as wind, hydro and solar by specified dates. These and other regulatory mandates including federal mandates and tax incentives provide an environment conducive to the development of alternative energy solutions and make the building of solar power plants cost effective. A favorable governmental and regulatory climate makes the delivery of renewable energies possible. And, these requirements, such as the RPS in place for California that requires utilities to purchase 20% of its power from renewable sources by 2011 and 33% by 2017, help to encourage utilities to make the development of alternative energy sources possible.
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