Despite a testy and drawn-out political battle, the new green mandates just approved by state lawmakers — higher efficiency standards for buildings, more reliance on renewable energy — signal good news for the state’s clean-energy industry.
The guidelines are expected to draw new investment and jump-start wind and solar projects, benefiting many Bay Area companies. But industry insiders also say the burgeoning market still faces regulatory challenges ahead.
“The most important thing the businesses need is a market signal,” said Steve Chadima, director of California initiatives for the industry group Advanced Energy Economy. The new standards send a clear message to the sector, he said: “Continue hiring. Continue growing.”
Lawmakers last week fought over the measure, SB 350, and stripped out controversial requirements for higher efficiency standards for gas vehicles. Still, clean energy advocates say the altered proposal provides a boost for long-term projects, research and development and jobs. The bill passed the state Assembly and Senate late Friday night and is expected to be signed by Gov. Jerry Brown.
View Article