Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

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NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

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Industry News

PSE&G to Request BPU Approval on $883 Million Investment in Solar Development

LCG, July 31, 2012--PSEG announced yesterday that Public Service Electric and Gas (PSE&G), its utility subsidiary, will request New Jersey Board of Public Utilities (BPU) approval to invest up to $883 million to expand the utility?s Solar 4 All and solar loan programs to increase solar electric generating capacity by 233 MW.

The company stated that, when PSE&G's current Solar 4 All program is complete early next year, the company will have spent $300 million to develop 80 MW of solar capacity.

PSE&G's new proposal is to expand its Solar 4 All program to invest up to $690 million for another 136-MWs of new solar projects. Target development sites include landfills, brownfields and other underutilized properties (90MW), warehouse roofs (20MW), and large parking lots (25MW).

In addition, the utility will propose to spend up to $193 million to develop an additional 97 MW of solar capacity through a third installment of its solar loan program. The utility stated its existing solar loan program has already made $177 million of financing available through mid-July 2012 to support the development of 55 MW of solar capacity.

PSEG executive vice president and chief financial officer stated, "When added to the company's existing $700 million commitment to solar energy, (PSEG) will have added about 395 MW of solar capacity in (New Jersey)."

According to the Solar Energy Industries Association (SEIA), the 775 MW of solar energy currently installed in New Jersey ranks the state second in the country in installed solar capacity.

New Jersey's renewable portfolio standard (RPS) requires electricity suppliers that serve retail customers to procure 22.5 percent of the electricity sold in New Jersey from qualifying renewables by 2021, with a separate solar specific provision which requires suppliers to procure at least 4.1 percent of sales from qualifying solar electric generation facilities by Energy Year 2028.
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