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What are Renewable Portfolio Standards?

April 26, 2017portfolio renewable Standards

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What are Renewable Portfolio Standards?

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The Renewable Portfolio Standard (RPS) is a state policy that requires electricity providers to obtain a certain percentage of their power from renewable sources by a specified date. As of September 2008, 28 states have adopted an RPS policy. These include Nevada and California which are the two states where SGP’s projects are located. Both Nevada and California require electrical providers to meet 20% of their electricity needs from renewable energy sources by 2015 and 2010 respectively.