US state almost triples renewables standard to 40% by 2035
Rhode Island has nearly tripled the state’s renewable energy
standard to 40% by 2035, up from 14.5% by 2019.
Governor Gina Raimondo signed the legislation into law this
week.
“By raising its renewable energy standard, Rhode Island is
sending the signal that it’s open for business to renewable energy developers
who will invest billions of dollars into the state economy,” said American Wind
Energy Association CEO Tom Kiernan.
According to the Wind Energy Foundation, growing wind power
in Rhode Island could result in $240m in electricity bill savings by 2050 and
up to $744m in savings through lower gas prices.
Rhode Island joins a growing number of states, including
California, Oregon, Vermont and Hawaii, raising their existing renewable energy
laws.
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