The return of PURPA
U.S. energy policy: A wonky electric sector law from the 1970s has emerged as the main driver for utility-scale solar in the United States this year. But while PURPA is responsible for booms in many new markets, the future of the policy is far from certain.
For most of the past two decades, state-level renewable energy mandates, such as California’s 50% by 2030 target, were the biggest driver of utility-scale solar in the United States. Developers put increasingly large projects online, knowing that power purchase agreements with utilities and corporate off-takers would be backed by renewable energy credits, which utilities were …
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