Return to Blog

Rhode Island Lawmakers Pass Bill To Increase Renewables Mandate

Rhode Island, a state that already has committed to renewable energy with a 30MW Block Island wind farm beginning generation this summer, is now committing to 40% renewable energy by 2035.  With this mandate, Rhode Island will attract new business from renewable energy companies and add billions of dollars into the state’s economy.

The Rhode Island legislature has passed a bill to advance the state’s renewable energy target from 14.5% by 2019 to 40% by 2035. The bill now goes to Gov. Gina Raimondo for consideration.

“With a turn of the governor’s pen, Rhode Island can join a leading cohort of states raising their renewable energy targets in order to keep the air clean and cut costs,” says Tom Kiernan, CEO of the American Wind Energy Association (AWEA), which has applauded the legislation in a press release. “States with the best policies are going to attract the most business. 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.”

The bill, considered to be part of the Senate’s “Grow Green Jobs RI Action Plan,” would update the state’s current renewable portfolio standard (RPS), which requires state utilities to procure a certain percentage of renewables. Established in 2004, the RPS originally targeted 3% renewable energy by 2007, with an annual rise of 1.5% each year until 2020, when it would reach 16%. However, because the Public Utility Commission (PUC) later decided to delay the target for one year, the current RPS has effectively been reduced to 14.5% by 2019.

Read the rest at

Disclaimer: Although the information contained herein is from sources believed to be reliable, TFS Energy Solutions, LLC and/or any of its members, affiliates, and subsidiaries (collectively “TFS”) makes no warranty or representation that such information is correct and is not responsible for errors, omissions or misstatements of any kind. All information is provided “AS IS” and on an “AS AVAILABLE” basis and TFS disclaims all express and implied warranties related to such information and does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information. The information contained herein, including any pricing, is for informational purposes only, can be changed at any time, should be independently evaluated, and is not a binding offer to provide electricity, natural gas and related services. The parties agree that TFS’s sole function with respect to any transaction is the introduction of the parties and that each party is responsible for evaluating the merits of the transaction and credit worthiness of the other. TFS assumes no responsibility for the performance of any transaction or the financial condition of any party. TFS accepts no liability for any direct, indirect or other consequential loss arising out of any use of the information contained herein or any inaccuracy, error or omission in any of its content. This document is the property of, and is proprietary to, TFS Energy Solutions, LLC and/or any of its members, affiliates, and subsidiaries (collectively “TFS”) and is identified as “Confidential.” Those parties to whom it is distributed shall exercise the same degree of custody and care afforded their own such information. TFS makes no claims concerning the validity of the information provided herein and will not be held liable for any use of this information. The information provided herein may be displayed and printed for your internal use only and may not reproduced, retransmitted, distributed, disseminated, sold, published, broadcast or circulated to anyone without the express written consent of TFS.