Bioenergy, Geothermal, Hydropower, Solar, Wind Power

How to Lower Costs for Renewable Energy Generation

The California Energy Commission will hold a workshop to address credit policies imposed for new and repowered generation projects, especially renewable energy projects. It will focus on exploring alternatives to current practices that could help lower the costs of electricity for consumers while helping California achieve its renewable energy goals.

Credit policies have a significant impact on the cost of financing generation projects, especially when it comes to renewable energy, stated Energy Commission Chairman Joseph Desmond. Topics include credit policies in other states, project costs, insurance products, risk pooling, savings to ratepayers and future research. Scheduled for June 2006, the workshop will bring together investment bankers, power plant investors, portfolio managers, insurance companies, risk managers, developers, and investor-owned and municipal utilities to address credit policies for projects in California.