11/15/2018 9:05:05 AM
For Immediate Release
SAINT PAUL – A new study commissioned by and submitted to the Minnesota Commerce Department finds that Minnesota could achieve 10 percent solar energy by 2025 at costs comparable to natural gas generation. The study’s findings also suggest that expected cost reductions for solar, wind and storage could enable Minnesota to achieve 70 percent solar and wind by 2050.
The Solar Potential Analysis Report was prepared by Clean Power Research on behalf of the MN Solar Pathways initiative, a three-year project funded by a competitive grant from the U.S. Department of Energy’s Solar Energy Technologies Office. The project focuses on strategies for meeting Minnesota’s solar energy goal of 10 percent by 2030.
The Commerce Department administers the state’s energy policies and programs and is participating in the project in collaboration with other energy stakeholders, including utilities, businesses, local governments and nonprofit organizations.
“This new study provides valuable information and analysis as Minnesota continues its progress to a renewable energy future,” said Commerce Commissioner Jessica Looman, “Along with additional research and analysis this study will help inform ongoing discussions and decision-making about the vital role of renewable energy in powering our state.”
Minnesota has already reached its current Renewable Electricity Standard of 25 percent by 2025. The state is also close to meeting the current Solar Electricity Standard of 1.5 percent by the end of 2020.
The new study analyzed the extent to which solar, wind and storage resources could cost-effectively meet the state’s future electricity needs on an hourly and daily basis. The analysis is based on modeling various scenarios to identify the likely range of future renewable energy generation costs and power capacity.
The next model being developed under the MN Solar Pathways initiative will be a tool to evaluate rate structures and their impacts along with the broader value propositions of different solar deployment scenarios.
/commerce/industries/energy/solar/solar-pathways.jspThe Solar Potential Analysis Report is available at the Commerce Department website (mn.gov/commerce) and at http://mnsolarpathways.org/spa/.
Director of Communications
Minnesota Department of Commerce
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