Relating to the goal for renewable energy capacity derived from renewable energy technologies other than sources using wind energy.
Impact
The implementation of HB3145 is expected to have a robust impact on Texas's approach to energy generation. By mandating additional energy capacity from a variety of renewable sources such as solar energy and biomass, this legislation seeks to enhance energy sustainability and reduce dependence on fossil fuels. The bill includes provisions for the establishment of a renewable energy credits trading program, allowing entities to trade credits to meet their energy obligations, thus promoting economic incentives for investment in renewable technologies.
Summary
House Bill 3145 aims to set ambitious renewable energy capacity goals for the state of Texas, particularly focusing on renewable energy technologies that do not utilize wind energy sources. The bill modifies existing provisions in the Texas Utilities Code, specifically targeting the establishment of a cumulative installed renewable energy capacity goal of 10,000 megawatts by January 1, 2020. This goal builds upon prior targets for renewable energy and represents a significant push towards diversifying Texas's renewable energy portfolio beyond its current reliance on wind energy.
Contention
Notably, there may be contention around the bill's goals and the regulatory framework it establishes. Advocates argue that the targets will not only promote clean energy but also stimulate job creation within the green technology sector. However, there may be skepticism regarding the feasibility of meeting these ambitious goals and the potential costs associated with implementing new technologies and infrastructure. Additionally, the bill's reliance on trading renewable energy credits could present concerns over market volatility and equitable access to renewable energy resources across different regions in Texas.