New Projects, Solar, Wind

White House expedites 5,000 MW of renewable energy projects

The Obama Administration said on Aug. 7 that it will expedite seven renewable energy infrastructure projects. The proposed projects include wind and solar plants in Arizona, California, Wyoming and Nevada to be run by companies such as First Solar Inc. (NASDAQ: FSLR) and NextEra Energy Inc. (NYSE: NEE). The White House said additional projects to be expedited will be announced in the coming weeks.

All together, the White House said it expects the projects to total 5,000 MW. The announcement is part of President Barack Obama’s “We Can’t Wait” initiative, issued in March.

The Department of the Interior said that in the past three years, it approved more utility-scale renewable energy projects on public lands than in the past two decades combined, totaling 31 new projects.

For a list of the projects that will be fast-tracked, click here.

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