It didn't generate the big headlines that Deepwater Wind does, but last week National Grid rolled out the details of a renewable energy project that could have an impact on the state's energy situation even more quickly than the offshore-wind-power developer.
Called the Renewable Energy Growth program, or REG, it is based on legislation passed by the General Assembly last year. It calls for the addition of 160 megawatts of renewable energy to the state's generating capacity over the next five years, from projects both large and small. If all the potential projects are built, it could supply enough electricity into the grid to power 30,000 homes per year. This year alone, the state expects generating capacity of 25 megawatts to be approved.
The program would help Rhode Island diversify its energy mix, something that has been recognized as a public goal since the Carcieri administration. It also will help the state meet peak needs, something that solar-powered generating capacity would be well-positioned to cover during a sunny heat wave.
It also would earn the owners of each renewable energy project a little cash, as they would be able to sell excess electricity back to the energy grid.
In addition, it has been estimated that the program could add 250 jobs to the Rhode Island economy as well as generate average annual economic output of more than $30 million.
This is a good extension of the state's renewable energy program, but more can – and should – be done. It's difficult to see a downside to the effort. •
