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New Jersey Adopts New Solar Renewable Energy Portfolio Standards

New Jersey recently enacted the Solar Energy Advancement and Fair Competition Act, which establishes a 16-year solar renewable energy portfolio standard (solar RPS). This new law requires New Jersey to obtain a significant portion of its electricity from solar generating facilities. The solar RPS initially requires power suppliers and basic generation service providers collectively to provide at least 300 GWh of solar electricity generation in the RPS's first year, June 2010 to May 2011. This requirement increases each year until 2026, when the solar RPS will require nearly 5,500 GWh of solar generation. 2/26 EC&M