Despite regulatory uncertainty at the federal level, California is driving an ambitious transformation of its energy sector. With utility companies mandated to produce half of their electricity from renewable sources by 2030, the state’s energy overhaul has been powered by wind and solar subsidies, and – more recently – by battery technology advances. However, sustained renewable-energy progress will require considerable amounts of financing.
Writing for California Energy Market (CEM), Michael Ferguson, Director, U.S. Energy Infrastructure, S&P Global Ratings, considers how green bond issuances can raise the capital necessary to address California’s renewable energy generation needs.
The piece was published in CEM’s November 2017 in-print edition.