Investor-owned utilities (IOUs) in the Southeastern US are showing increased interest in procuring renewable energy despite few state-level drivers and the decreased likelihood of federal policy in the near term. Taking advantage of downward pressure on wind contract prices and an oversupplied solar photovoltaic (PV) module market, these utilities are signing power purchase agreements (PPAs) and testing the renewables waters with request for proposals (RFPs) across renewable resource classes. Key trends in this On Point include: Declining costs draw Southeastern utilities into renewables market. Early uptake indicates mixed renewables bag in the South. Supply chain build-out supports acceptance of renewables in the South.
Investor-owned utilities (IOUs) in the Southeastern US are showing increased interest in procuring renewable energy despite few state-level drivers and the decreased likelihood of federal policy in the near term. Taking advantage of downward pressure on wind contract prices and an oversupplied solar photovoltaic (PV) module market, these utilities are signing power purchase agreements (PPAs) and testing the renewables waters with request for proposals (RFPs) across renewable resource classes. Key trends in this On Point include: