The government of Connecticut created in 2003 the so called “Project 150″ that was aimed to stimulate several large-scale projects in the development of renewable energy in the state. However, none of the 13 projects planned went into effect and only one of them is showing signs of moving forward. The main hang-up has been financing following the Wall Street meltdown. In addition to that the current state’s budget crisis and a pending change in energy policy are playing a part in the dim future of renewable energy in Connecticut.
Without sun soaked areas to support solar energy investments and the best areas for wind turbines remaining too expensive, Connecticut is not a likely place for renewable energy projects. Environmental and clean energy advocates say the state has to maintain a reliable market for renewable energy if its investment in Project 150 is to bear fruit.
Connecticut’s renewable energy market can only be successful if it has stable, consistent and transparent laws. The renewable energy industry and the environmental groups, who understand the value of renewable energy, would ask for the business certainty and continuity which all businesses need in order to thrive and grow.
