"The highly competitive proposals we received offer affordable power to help us achieve the state's renewable energy targets," said Fong Wan, senior vice president for energy procurement at PG&E. "The tremendous response to our request reflects the robust supplies being offered by the renewable energy industry, which California has fostered through its aggressive state mandates."
Since 2002, PG&E has signed more than 110 contracts for about 10,000 megawatts of renewable power. PG&E now expects to be able to meet California's Renewables Portfolio Standard, which requires all retail sellers of electricity to deliver 33 percent of their electricity by 2020 from eligible renewable resources like wind, solar, geothermal, biomass, and small hydroelectric. The utility said it is on track to reach 20 percent this year.
PG&E receives record response for 2011 renewable energy solicitation
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