Harrisburg, P.A. – Pennsylvania will be making the single-largest solar procurement by a state government in the country, Governor Tom Wolf announced today. The block of solar power purchasing agreements will supply about 50% of the state government’s electricity demands, exceeding the commitment made in the governors’ 2019 executive order.
The following is a statement from E2 member Dara Bortman, cofounder of Exact Solar:
“This exciting, new investment in clean, renewable energy will save Pennsylvanians money and save Pennsylvanians’ lives. At large-scale, solar is now the cheapest electricity in history according to the International Energy Agency, making this a smart economic move and one that will create thousands of well-paying, local jobs. We now encourage the state’s General Assembly to follow the Governor’s lead and increase the state’s renewable energy targets which haven’t been updated since 2004. Increasing Pennsylvania’s solar target will attract billions of dollars in private investment that are currently going to neighboring states and will help businesses like ours expand and hire more people.”
Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.