Connecticut House Bill HB05505

Connecticut 2020 Regular Session

• Introduced: 3/11/20
• Refer: 3/11/20

Caption

An Act Concerning A Plan To Leverage Private Capital To Fund Solar Energy Projects In The State.

Impact

By creating this framework, the bill intends to simplify and expedite the procedural hurdles associated with starting solar energy projects. It requires comprehensive assessments for potential locations, ensuring that private developers can efficiently evaluate the feasibility of their projects. This initiative could significantly impact local economies by providing opportunities for job creation and attracting investments in renewable energy, ultimately aligning with the state's environmental goals.

Summary

House Bill 5505 aims to enhance the development of solar energy projects within the state by leveraging private capital. The bill establishes a pilot program that mandates the Department of Economic and Community Development to work collaboratively with the Department of Energy and Environmental Protection to identify and develop five proposed solar projects. Each project must have a substantial energy capacity rating ranging from 100 to 250 megawatts, addressing the growing demand for sustainable energy sources while enhancing state-level economic development initiatives.

Contention

Though the bill intends to promote renewable energy, it may face scrutiny regarding municipal authority and the implications of large-scale projects on local environments. Concerns may arise regarding the process of determining suitable locations for projects and the negotiation of agreements with property owners. The revenue generated from municipal fees associated with these projects may also lead to debates on the optimal balance of benefits between local authorities and private contributors, which could deter or incentivize participation from potential stakeholders.