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Hawaii Sets 100 Percent Renewable Energy Goal by 2045

June 11, 2015

Hawai’i Gov. David Ige signed into law a bill (HB 623) that would increases the state’s renewable portfolio standards to 30 percent by the end of 2020; 70 percent by the end of 2040; and, 100 percent by the end of 2045. With the passage of the new renewable energy mandate, the state became the first in the country to have a statewide renewable goal of 100 percent. This marks a drastic shift from the state’s current distinction as the country’s most oil-dependent state. The state spends nearly $5 billion a year on foreign oil, according to a release from the governor’s office. Luis Salaveria, director of the Hawai’i Department of Business, Economic Development and Tourism, hopes that the new mandate will drive investment and make the state a more attractive destination for entrepreneurs and businesses from around the world, looking to develop, test, and prove emerging renewable technologies and strategies. The state is on track to reach its first milestone of 30 percent by the end of 2020 due previous state investments intended to support the growth of solar and wind startups. Read the press release…

Hawaiienergy, cleantech