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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

Rhode Island Legislature Passes Revisions to Increase RPS Goals to 40 Percent

LCG, June 28, 2016--The Rhode Island legislature last week passed legislation to increase the state's renewable energy target from 14.5 percent by 2019 to 40 percent by 2035. The legislation is expected to be signed into law by Governor Gina Raimondo.

The legislation proposes to revise Rhode Island's original renewable portfolio standard (RPS) approved in June 2004. The original RPS targeted 3 percent renewable energy by 2007; it would then rise an additional 0.5 percent through 2010, an additional 1.0 percent through 2014, and an additional 1.5 percent of renewable energy each year through 2019, when it would reach 16 percent. However, in December 2014, the PUC decided to delay the 1.5 percent increase for 2015 by one year, thus reducing the 2019 goal from 16 percent to 14.5 percent.

A House amendment attached to the new legislation gives the PUC more flexibility to delay a planned increase in the RPS in the event of an inadequate supply of renewable energy credits.

Last month, Maryland Governor Larry Hogan vetoed legislation that would increase the state's RPS from 20% to 25% by 2020. According to the Governor, Maryland consumers in 2014 paid over $104 million for renewable energy credits, and the higher standard would increase the burden on ratepayers. The tax increases were estimated to be up to $196 million in 2020 under the proposed legislation.
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