Renewable Energy Investments in Connecticut

Renewable Energy Investments in Connecticut

The local government of Connecticut created "Project 150" back in 2003 for the purpose of stimulating investment in renewable energy developments. Since then, none of the planned 13 projects actually went into action and only one of them has the chance of moving forward. The main reason for this disappointing result is of course the financial crisis that dried up finances and directly influenced the local state budget. Pending change in the state's energy policies had also played part in the lack of advancement in renewable energy in Connecticut.

Many aspects make Connecticut not the best place for renewable energy developments. There are not as many sunny areas making it difficult to develop large-scale solar energy in Connecticut, and the best areas for wind turbines are much too expensive for this type of investment. So what are the options for this eastern coastal state to find its way into providing more clean energy to power up its industries and homes? Environmental groups say that the state must maintain a reliable market for clean energy if it wants to get any return on investment through "Project 150".

The renewable energy market in Connecticut can only be successful if it is relying on a firm, consistent and transparent law. The pressure from local businesses and the national energy policy will keep mounting, recent disasters such as the Deep Horizon BP oil spill in the Gulf of Mexico are leading politicians to take drastic measures for pushing renewable energy investments all around the US, that can make a good chance for Connecticut to establish momentum again and advance forward with its clean energy policies and investments to create jobs in the sector and be able to rely on more natural, sustainable resources to generate electricity for Connecticut based businesses and power up homes for its citizens.

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