New Jersey Renewable Energy Mandate

This establishes one of the most ambitious renewable energy standards in the country by requiring 21 percent of the energy sold in the state be from class i renewable.

New jersey renewable energy mandate.

A 3723 the renewable energy bill takes several critical steps to improve and expand new jersey s renewable energy programs. New jersey s clean energy picture. New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy. New jersey s renewable portfolio standard rps is one of the most aggressive in the u s.

In 2019 new jersey released its energy master plan. 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. Recs are created when renewable energy is sent out to the grid and are used to verify that utilities are meeting their targets. Renewable energy standard.

Governor phil murphy signed a law earlier this year that requires 50 percent renewable energy by 2030. New jersey s development of offshore wind energy together with other clean and renewable energy sources will be critical to addressing the challenges associated with climate change and to building a clean energy economy. 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. Utilities that are subject to these mandates must obtain renewable energy credits or certificates which represent the environmental benefits of one megawatt hour of renewable energy generation.

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. Last week the new jersey senate passed a bill to require that utilities in the state source 80 of their electricity from renewable energy by 2050 under the bill utilities would need to get 11. New jersey offshore wind strategic plan.

Corporation through an extensive public stakeholder process.