trending Market Intelligence /marketintelligence/en/news-insights/trending/GtQJFDj0cn4d_zKPauc5pA2 content esgSubNav
In This List

Rhode Island aims for 100% renewable energy by 2030


See the Big Picture: Energy Transition in 2024


IR in Focus | Episode 10: Capital Markets Outlook


Infographic: The Big Picture 2024 – Energy Transition Outlook


The Big Picture: 2024 Energy Transition Industry Outlook

Rhode Island aims for 100% renewable energy by 2030

Rhode Island Gov. Gina M. Raimondo in her Jan. 14 annual address said she will sign an executive order by Jan. 17 aimed at making her state the first in the U.S. to transition to 100% renewable energy by 2030.

"If we want to ensure Rhode Island's beauty is enjoyed for generations to come, we have to address climate change with urgency," Raimondo said.

In March 2017, Raimondo announced a goal for the state to increase its renewable energy output tenfold by 2020, to 1,000 MW. "Tonight, I'm proud to tell you that by the end of the year, we'll exceed that goal," she said in Tuesday's speech. "We're the nation's leader in offshore wind, and in a few years, we'll have enough offshore wind energy to power half of the homes in Rhode Island. It's time to set our sights higher."

As of the third quarter of 2019, the state had 809 MW of renewable energy generation capacity, according to the Rhode Island Office of Energy Resources' website, including 430 MW of offshore wind, 189 MW of solar, 144 MW of onshore wind, 35 MW of biomass and 11 MW of hydroelectric power.

Rhode Island uses electricity generated by Ørsted A/S subsidiary Ørsted US Offshore Wind's 29.3-MW Block Island Offshore Wind, the first offshore wind farm in the nation, which came online in 2016. In October 2018, Ørsted acquired the original developer of that project, Deepwater Wind. In May 2019, Rhode Island regulators approved 20-year power purchase agreements for 400 MW from the planned 704-MW Revolution Wind Offshore project, owned by Eversource Energy and Ørsted.

National Grid USA subsidiary Narragansett Electric Co. is the state's largest electric utility.