New Jersey Passes Nuclear Subsidies, Boosts Renewables Target to 50%

The New Jersey state legislature passed two bills on Thursday that are designed to maintain and enhance access to low-carbon resources in the Garden State.

One piece of legislation (A3723/S2314) boosts New Jersey’s renewable portfolio standard to 35 percent by 2025 and 50 percent by 2030 — putting the state in line with clean energy leaders, New York and California. The same bill also increases New Jersey’s solar target, enables the launch of a community solar program and establishes a process to deploy 2 gigawatts of energy storage by 2030.

The other bill (S2313) approves a $300 million annual subsidy for the …read more

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