Governor Arnold Schwarzenegger announced a list of 244 projects with a total capacity of 70,000 MW of clean energy annually.
This portfolio concerns wind, solar and geothermal energy as well as bio-fuel and small hydroelectric plants. Currently, the existing plants produce little more than 8,000 MW yearly of renewable energy.
The new orientation should help California to advance its green industry in order to achieve its goal of producing 33% of its total energy from renewable sources by 2020.
Of the 244 proposed projects, 53 will be financed by federal funds before the end of 2010. At least 22 of them will have an installed power capacity of more than 200 MW, with a total of more than 9,000 MW. A good deal of the projects currently developed is under local and federal control procedures.
California is the first American state which signed an agreement with the Department of the Interior regarding assessment of federal eligible projects and currently operates an authorization process which allows a 30% tax cuts based on the American laws of reinvestment and recovery (Recovery Act).