A new report has been issued by the California initiative which states that new infrastructure costing $15.7 billion would be required in order to meet mandates that are currently under consideration within the state to integrate enough renewable power into the system.
California is considering to set the aim of one-third of the state’s power coming from renewable sources within 10 years.
However, according to the report, solar panels installed on rooftops using smart grid technology that allows for distributed generation could significantly reduce costs. But before this can actually happen, solar power must become as economically feasible as other renewable energy sources.
The report was issued by the Renewable Energy Transmission Initiative and was in line with June findings of the California Public Utilities Commission (CPUC) that said transmission infrastructure costing $12 billion would be needed to meet the renewable power supply requirements.
There is already legislation in place in California that will require one-fifth of the state’s power supply to come from renewable power in 2010. Lawmakers are currently considering extending that requirement to one-third by 2020.