NCSEA’s statement: Gov. Signs HB589

NCSEA’s Statement: Today, Governor Cooper signed into law House Bill 589, “Competitive Energy Solutions for North Carolina”. Below is a statement by Ivan Urlaub, Executive Director of the NC Sustainable Energy Association: “We applaud Governor Cooper for his thoughtful consideration of this compromise energy legislation over the last four weeks, and again express our appreciation to Rep. John…

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Investment Impacts of HB589, “Competitive Energy Solutions for North Carolina”

I. Direct Investment Impact According to RTI International, North Carolina experienced $7.8 billion in direct investments or spending on renewable energy facilities between 2007 and 2016.[1] Solar photovoltaic (PV) facilities accounted for 82% of this direct spending at $6.4 billion (in 2013$). RTI assumed this investment resulted in approximately 2,140 megawatts (MW) of PV capacity…

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