Gov. David Inge (D) has signed a bill to make Hawaii the first U.S. state to commit to generating 100% of its power from renewable sources. The June 17 action to reach the goal by 2045 follows by days NextEra Energy shareholder approval to acquire Hawaiian Electric Industries.
Florida-based NextEra is the largest U.S. solar energy developer. The firm says the $4.3-billion deal, which still needs state regulators' approval, would provide the utility with resources and access to expertise to meet the standard. "As the most oil-dependent state in the nation, Hawaii spends roughly $5 billion a year on foreign oil to meet its energy needs," Inge said in a statement.