California looks all set to achieve its renewable energy goal a decade ahead of schedule. Governor Jerry Brown had signed a law committing to renewable energy and stating that 50% of its electricity would come from the source by 2030.
The California Public Utilities Commission (CPUC) recently released its annual renewable portfolio standard report, which highlights that they were on track to meet renewable target 10 years early.
The annual report which was released shows that the large investor-owned utilities have already executed the renewable electricity contracts that were necessary to exceed their 33% of RPS requirement for 2020. The report issued by the California regulators observe that the state’s leading investor-owned utilities namely Pacific Gas and Electric Co., San Diego Gas & Electric Co., and Southern California Edison were collectively on track to achieve the 50% milestone by 2020. Also, highlighted are that the three utilities had surpassed 25% clean power requirement for 2016 and that San Diego Gas & Electric had managed to generate 43.2% of its electricity from renewable energy in the last year.
It was reported by sources that California had been pushing renewable energy since 2002, with both Governor Brown and former Governor Arnold Schwarzenegger. And, that California’s emissions have been on a decline. It was stated that the RPS program had helped to achieve large cost reductions for renewable electricity between 2008 and 2016 and that the price of utility-scale solar contracts that were reported to the CPUC had gone done around 77%. And, between 2007 and 2015 the reported prices of wind contracts had gone down to around 47%.
Meanwhile, under California’s current plan, it is expected that 100% of its electricity would be derived from renewable energy by 2045. The state has been showing its commitment to reducing its impact on climate change and global warming and is also considering banning of non-electric vehicles.