Virginia is the newest state within the PJM RTO to establish a mandatory RPS target, and the Old Dominion state is aiming high with a goal of 100% renewable energy by 2050 under the Clean Economy Act (HB 1526/HB 851). Governor Ralph Northam signed the bill on April 12, 2020, just 6 months after his 43rd Executive Order which set the wheels in motion for a plan to reach the 100% renewable energy target.
On September 26, 2018, Massachusetts approved a much anticipated solar program that radically transitions solar incentives away from the SREC market and towards a structure akin to a feed-in-tariff regime, dubbed the Solar Massachusetts Renewable Target (SMART) program.
The completion of the initial RFP on January 11, 2018 has set discrete base compensation rates for each service area in Massachusetts. But the program still needs to clear many hurdles before it is fully implemented. In the following update, Karbone details the problems raised in the ongoing regulatory proceeding.
On January 31, 2017, Massachusetts policy makers unveiled a much anticipated, revised solar program that radically transitions solar incentives away from the SREC market and towards a structure akin to a feed-in-tariff regime. Nevertheless under the new program, facilities will still generate Class I RECs that could be used to meet MA Class I compliance obligations.