New Jersey Renewable Energy Portfolio Standard

New jersey s renewable portfolio standard rps is one of the most aggressive in the u s.

New jersey renewable energy portfolio standard.

New jersey s renewable portfolio standard was updated in 2018 to require that 21 of the electricity sold in the state be generated from renewable sources by 2021 35 by 2025 and 50 by 2030. Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050. New jersey established the rps to drive the market deployment of new clean energy technologies recognizing that expansion of renewable energy generation would provide significant economic development. New jersey s renewable portfolio standard was updated in 2018 to require that 21 of the electricity sold in the state be generated from renewable sources by 2021 35 by 2025 and 50 by 2030.

Hammonton new jersey wind and solar energy systems ordinance march 8 2011. This page contains links to relevant regulatory rulings by the new jersey board of public utilities that affect the renewable portfolio standard rps and the solar renewable energy credit srec program. These programs can be a vital part of a state s energy policy portfolio to drive the shift to renewable energy. New jersey s renewable portfolio standard rps is one of the most aggressive in the united states and requires each electricity supplier provider to provide 22 5 from renewable energy sources by 2021.

New jersey s renewable portfolio standard rps sets renewable electricity goals and determines which energy sources qualify as renewable. The rps requires each electricity supplier serving retail electricity customers in the state to procure 22 5 of the electricity it sells in new jersey from qualified renewable energy resources by 2021. Share wind energy in new jersey on email. In 2019 new jersey released its energy master plan.

Renewable portfolio standard 50 0 by 2030 most recent ordinances. In 2019 new jersey released its energy master plan. Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050. New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy.

Promoting a diverse portfolio of new clean in state generation will lessen dependence on fossil fules help grow the state s economy reduce emissions and combat climate change. In addition 2 12 must come from solar electricity an amount estimated to be 1 500 megawatts mw.