April 23, 2019 (Investorideas.com Newswire) With the stroke of his pen, Nevada Governor Steve Sisolak doubled Nevada's Renewable Portfolio Standard on Monday, laying the groundwork for thousands of new jobs and millions of dollars in economic impact of the coming decade. The new law positions the state to maintain the fastest job growth in the country for clean energy like solar, geothermal and wind.
Gov. Sisolak's signing of Senate Bill 358 requires energy generated and used in Nevada to come from at least 50% clean energy sources by 2030, up from 25% by 2025 previously in state law. By signing the bill, Sisolak fulfilled one of his central campaign promises and responded to a ballot question last November in which Nevada voters overwhelmingly supported a stronger RPS.
With the new RPS, Nevada moves back into a leadership position among states with clean energy standards nationally. Access to clean solar and geothermal energy has been a selling point for the state to attract investment from businesses of all sizes that are seeking low-cost, dependable alternatives to fossil fuels.
The growth of Nevada's clean energy economy helped SB358, sponsored by Senator Chris Brooks, sail through the state Senate and Assembly without a single "no" vote. The legislation also enjoyed support from a broad coalition of businesses, local chambers of commerce, labor unions, and community groups.
"In just over 100 days, Gov. Sisolak delivered on his energy promise by signing SB358, a bill that significantly reshapes Nevada's position as regional advanced energy leader," said Ray Fakhoury, Principal at the Advanced Energy Economy. "We applaud the Governor for his commitment to bringing new jobs and investments to Nevada and thank Senator Chris Brooks for his continued leadership as an advanced energy champion."
"We applaud Gov. Sisolak and the Nevada legislature for their leadership and for not gambling on the state's clean energy future," said Anne Kelly, vice president of government relations at Ceres. "With so many companies looking to invest in renewable energy, a stronger RPS will help to spur investment in Nevada and ensure the state stays at the forefront of the transition to a clean energy economy."
Clean Energy Works for Nevada is a coalition of businesses and advocates who support a strong clean energy economy for the Silver State. We believe smart state policies and investments in clean energy today will mean economic success for our state tomorrow.
Photo Caption: Gov. Steve Sisolak, at the podium, speaks before signing SB 358 into law. To Sisolak's right are Senator Chris Brooks (grey suit) and Assembly Speaker Jason Frierson (dark suit).
Get more Renewable Energy stock investor ideas - news, articles, podcasts and stock directories
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894 . Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp