New Jersey Class 1 Renewable Energy

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.

New jersey class 1 renewable energy.

New jersey s renewable portfolio standard rps is one of the most aggressive in the u s. Solar non solar contact. New jersey offshore wind strategic plan. Subchapter 2 renewable portfolio standards 14 8 2 1 purpose and scope 14 8 2 2 definitions 14 8 2 3 minimum percentage of renewable energy required 14 8 2 4 compliance with solar electric generation requirements 14 8 2 5 compliance with class i renewable energy requirements.

Recs can be sold or traded separately from the power providing system owners with a recurring source of revenue to help offset the cost of installation. New jersey has one of the most ambitious renewable portfolio standards in the country by requiring 35 of the energy sold in the state come from qualifying energy sources by 2025 and 50 by 2030. All futures options otc products physicals. On september 9 2020 the board of public utilities approved the final new jersey offshore wind strategic plan the state s comprehensive roadmap for achieving 7 500 mw of offshore wind energy by 2035 the plan was developed by ramboll u s.

Corporation through an extensive public stakeholder process. Qualified manufacturing projects in new jersey may be eligible for up to 3 3 million in grants and low interest loans through a rolling solicitation. 340 1 13 08 new jersey s energy master plan 2008 2011 pending solar advancement act of 2009 l 1999 c 23. Scott hunter renewable energy program administrator new jersey board of public utilities office of clean energy p o.

Hear from the c suite as they discuss the energy transition. Trenton with new regulations mandating the recycling of food waste taking effect in 2021 trenton renewables new jersey s only food waste recycling and class i renewable energy facility today. Learn more about the energy market. In january 2009 cemf was launched to support the commercialization and development of class 1 renewable energy and energy efficiency technologies in new jersey.

Class 1 recs all renewable energy project owners in new jersey with electric distribution grid connected systems are eligible to generate class 1 renewable energy certificates recs. Definition of class i ii renewable energy societal benefits charge cra process renewable portfolio standards net metering and interconnection. New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy.