Virginia Mercury covered how the current economic and financial crisis may affect implementation of the Virginia Clean Economy Act, quoting AEE's JR Tolbert and AEE member Sigora Solar's Karla Loeb. Read excerpts below and the entire Virginia Mercury piece here.
Three weeks ago, Virginia’s Democrat-led General Assembly passed the most ambitious plan for transitioning off of fossil fuels and onto renewable energy sources to come out of the South yet. It was a banner moment for environmentalists. Among the promises they secured were state commitments to build out 24 gigawatts of solar, wind and energy storage by 2035 — almost 40 percent more than the existing capacity of the fossil fuel units owned by the state’s largest utility, Dominion Energy — and annual targets that would bind the utilities to progressively including more and more renewables in their energy portfolios. Then the new coronavirus hit, and the financial markets tanked.