New Jersey’s Renewable Energy Future

A newly released report, “New Jersey Renewable Energy Market Assessment,” is serving as a foundation for New Jersey’s Clean Energy Program to consider important funding decisions about renewable energy programs over the next several years.

Princeton, New Jersey – September 17, 2004 [] New Jersey’s goals for solar photovoltaics and other renewable energy technologies have been particularly strong, and could serve as an example for other states looking to clean up their energy supply and generate economic growth. Rutgers University’s Center for Energy, Economic and Environmental Policy (CEEEP) was engaged by the New Jersey Board of Public Utilities to oversee an assessment of market opportunities for renewable energy (RE). CEEEP chose Navigant Consulting to conduct the renewable energy resource assessment for the state, and to review current programs in the context of New Jersey’s renewable energy objectives. “The report shows that even in a relatively small and densely populated state like New Jersey, a wide range of renewable energy resources can be used to help meet the objectives of the Clean Energy Program,” said Ryan Katofsky, Managing Consultant, Navigant Consulting. The report covers three major areas: it identifies the technical potential for various renewable energy technologies; estimates the economic potential and likely market penetration through 2020; and includes a high-level assessment of the current Clean Energy Program initiatives against the renewable energy objectives. “The study points to a significant opportunity for photovoltaics and offshore wind applications in New Jersey,” said Lisa Frantzis, Director, Navigant Consulting. “However, these technologies will require sustained, coordinated policy and economic support to achieve their large potential.” Key study findings and recommendations are presented with detail in the 300-page final report, “New Jersey Renewable Energy Market Assessment,” available at either of the links below:
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