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Investor Ideas: Nevada Governor Signs Strengthened Clean Energy Standards into Law

Posted by Digital News Service on Apr 23, 2019

This Investor Ideas article calls attention to the Governor of Nevada signing new clean energy standards legislation into law. AEE's Ray Fakhoury's supportive reaction was included. See excerpts below and the entire Investor Ideas story here:

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...

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."

See the entire Investor Ideas story here. The story was also covered by Solar Power World.

Topics: AEE In The News