Landmark renewable power law signed in California
Gov. Jerry Brown signed landmark legislation into law Tuesday that requires public and private utilities in the state to source 33 percent of their electricity from renewables such as solar and wind by 2020, up from the current 20 percent target.
The signing of the bill — authored by Sen. Joe Simitian (D-Palo Alto) — took place at the SunPower Corp. (NASDAQ:SPWRB)/Flextronics International Ltd. (NASDAQ:FLEX) solar panel manufacturing plant in Milpitas, Calif.
The event was attended by about 400 people including U.S. Secretary Steven Chu, and was held in conjunction with the dedication of the plant.
Solar photovoltaic maker SunPower announced last year that it planned to bring an estimated 100 new jobs to the facility in an agreement with contract manufacturer Flextronics.
The landmark law could be good news for Oregon renewable energy projects being built to supply the energy market in California.
Read more in the Silicon Valley / San Jose Business Journal.
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