Hawaii SB1342 amends the renewable portfolio standard to prioritize low-carbon fuels and distributed solar.

Hawaii SB1342 modifies the state's renewable portfolio standard to better mitigate oil price volatility and avoid high-carbon renewable energy. The bill increases the incentive for capacity that commits to using low- or no-carbon fuels, based on a lifecycle greenhouse gas assessment. It also removes caps on investment in distributed solar and supports equitable participation in the renewable portfolio standard. The bill mandates that by 2045, electric utilities purchase a minimum amount of renewable biofuels and renewable electrical energy from customer-sited, grid-connected generation.

Hawaii SB1342 amends the renewable portfolio standard to prioritize low-carbon fuels and distributed solar.

Hawaii SB1342 modifies the state's renewable portfolio standard to better mitigate oil price volatility and avoid high-carbon renewable energy. The bill increases the incentive for capacity that commits to using low- or no-carbon fuels, based on a lifecycle greenhouse gas assessment. It also removes caps on investment in distributed solar and supports equitable participation in the renewable portfolio standard. The bill mandates that by 2045, electric utilities purchase a minimum amount of renewable biofuels and renewable electrical energy from customer-sited, grid-connected generation.