New Bill Expands Colorado's Renewable-Energy Standard
Colorado Gov. John Hickenlooper recently signed into law a measure to expand and improve the state’s Renewable Energy Standard (RES) statute to drive clean-energy investment, jobs, and project development in rural Colorado.
“A year ago, the market outlook for renewable energy in Colorado was bleak,” said Sarah Propst, executive director of the Interwest Energy Alliance. “Implementation of SB 252, combined with Xcel’s recent announcement that it will buy 550 MW of wind based on low price alone, means a complete turnaround for the Colorado market. Now we expect roughly 1,000 MW of market opportunity for clean energy over the next decade.”