Ohio enacts tough renewable law

OHIO - In a unanimous vote, the Ohio legislature has passed a new bill requiring 12.5% of Ohio's energy be generated from renewable sources like wind and solar.

Ohio now becomes the 26th state, including California, New York and Texas, to adopt renewable energy portfolio standards (RPS) - tough new laws which are creating one of the most dramatic shifts in the delivery of energy to American consumers ever.

Dozens of planned coal, natural gas and diesel-fired power plants have been cancelled across the country. Instead, 60-gigawatts of wind and solar power (enough energy to serve 20 million American homes) will be constructed, according to a new study by the Lawrence Berkeley National Laboratory.

Not surprisingly, wind and solar companies are enjoying record growth. Solar wafer maker ReneSola and photovoltaic company Yingli Green Energy both received upgrades from analysts at Piper Jaffray recently.

But as busy as the solar companies are wind is America's renewable energy of choice. Last year the wind industry installed an astonishing 5244-megawatts of new wind power outpacing solar's 254-megawatts by 20-1. The American Wind Energy Association estimates Ohio's new RPS law on its own will result in at least $10 billion of new wind energy project investments.

Related News

The Phillipines wants nuclear power to be included in the country's energy mix as the demand for electricity is expected to rise.

MANILA - Phillipines Presidential spokesman Salvador Panelo said Energy Secretary Alfonso Cusi made the proposal during last Monday's Cabinet meeting in Malacaaang. "Secretary Cusi likewise sought the approval of the issuance of a proposed executive order for the inclusion of nuclear power in the country's energy mix as the Philippines is expected to the rapid growth in electricity and electricity demand, in which, 24/7 power is essential and necessary," Panelo said in a statement.

Panelo said Duterte would study the energy chief's proposal. In the 1960s until the mid 80s, the late president Ferdinand Marcos adopted a nuclear energy program and…

READ MORE

Multi-billion-dollar hydro generation project proposed for Meaford military base

READ MORE

gov lamont

CT leads New England charge to overhaul electricity market structure

READ MORE

IESO

Key Ontario power system staff may end up locked down at work sites due to COVID-19, operator says

READ MORE

severe winter and grid

Canadian Electricity Grids Increasingly Exposed to Harsh Weather

READ MORE