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Friday
Aug032012

New Jersey legislation requires utilities to buy more solar energy

Last week, Governor Chris Christie signed a solar bill, requiring New Jersey utilities to get 2.05% of their electricity from solar projects by 2014. Currently at 0.5%, the state's solar requirement will further increase to 4.1% by 2028. The rapid expansion of installations in the state had led to an oversupply of kilowatt-hours that threatened to stall new development.

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