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Delaware Seeks To Increase Renewable Portfolio Standard

Delaware Seeks To Increase Renewable Portfolio Standard
Adding to a growing number of states seeking to increase their percentage of power from renewable sources, Gov. Jack Markell introduced the Delaware Clean Energy Jobs Act.  A key component of the legislation is increasing the state's Renewable Portfolio Standard (RPS), which governors often say generates job growth.

The overarching goal of the Delaware bill is to create a competitive climate for the clean energy market, which is addressed under four main goals, including:

• Setting a Renewable Portfolio Standard (RPS) for the state to receive 30 percent of its energy supplies from renewable sources by 2029 (up from 20 percent);
• Facilitating job creation through modifications to the existing RPS and expanding local manufacturing to establish Delaware as a national leader in the adoption of renewable energy;
• Driving local economic development by creating a new "local generation" component to the RPS and incentives for the use of systems manufactured in Delaware through enhanced renewable energy credit values; and,
• Modernizing the Green Energy Fund by establishing a market-based method for financing renewable energy projects.

A fact sheet outlining the Delaware Clean Energy Jobs Act is available at: http://governor.delaware.gov/docs/clean-energy-jobs-act-summary.pdf.