The 2018 elections on November 6th proved to be a big day for energy and climate policies. According to a report released by Wood Mackenzie and Renewables, we could see a 17.7 GWac (gigawatt alternating current) increase in total market solar energy in five states where new governors were elected. That is if all five states (Illinois, Nevada, Colorado, Minnesota and New Mexico) pass the 50% by 2030 mandates. Three states, New Jersey, New York and California, have already mandated 50% renewable energy by 2030.
The Report Rundown
Wood Mackenzie’s recent report found that if all five of these states pass the 50% by 2030 renewable portfolio standards (RPS) policies, there will be a 17.7 GWac increase for total solar built and a 16.5 GW increase for total wind built by the year 2030. Although these findings are based on current electric demand and each state’s current wind and solar ratio, these findings could be influenced by other renewable development factors, such as: meeting current RPS mandates or being driven by voluntary utility or corporate procurement.
Illinois and Nevada Would See the Most Growth
While both of these states would benefit from a more aggressive RPS, Illinois would be the one to see the most increase—at 9.1 GWac. This makes up more than half of the total forecasted increase. Coming in second is Nevada, but even though it’s Governor-elect, Steve Sisolak (D), would like to see Nevada use 100% renewable energy, it will ultimately be up to Nevada voters. Although the November 6th election resulted in an electoral victory for the 50% renewables by 2030, the bill has to be voted on one more time before it can become a law.
These Three States Would Also Increase Their Renewable Energy Usage
Also in this report is a projection that Colorado, Minnesota and New Mexico will deploy 1-2 GWac of additional solar energy in order to meet the 50% by 2030 RPS. In regards to wind energy, Colorado and Minnesota are predicted to dominate wind energy capacity additions, but it’s important to note that these two states don’t have large populations or electric demand.
As the November 6th elections indicate, renewable energy is beginning to become the popular energy choice. The renewable energy experts at Intersect Energy are here to breakdown the report and discuss the changes that could be on the horizon. Not only does renewable energy generate savings for companies and individuals, but they’re also immensely better for the environment. Ready to join in on this popular movement and save an average of 20% in energy costs by switching to renewable energy? Contact the experts at Intersect Energy today!