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September 29, 2020
Pathway to 100% Clean and Renewable Energy by 2030
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The adoption of a new and affordable pathway to 100% renewable energy by 2030 will provide more enduring impact toward the 3CE’s original goal of reducing greenhouse gas emissions. This pathway ensures 60% of our energy supply will come from new renewable resources by 2025 and 100% by 2030, putting 3CE 15 years ahead of the state’s clean energy goals. Adopted on September 2nd, the new strategy will move power purchasing towards optimizing increasing low-cost renewable energy and energy storage technologies as well as closer to seeking renewable energy projects within its expansive service area.
“With the formal adoption of our new name, Central Coast Community Energy, we are charting a new course to achieve significant and meaningful reduction of greenhouse gas emissions, aiming to reach 100% renewable energy by 2030. 3CE’s new resource procurement strategy comes at an opportune time when we can further capitalize on low cost long term new renewable energy projects to achieve an even greater impact on the environment while lowering customer cost,” shares CEO, Tom Habashi.
This transition would produce both utility-scale progress toward growing renewables and reducing greenhouse gas emissions while also increasing the likelihood of localized generation and battery storage. Because the cost of renewable energy is at an all-time low while carbon-free attributes have increased five-fold in the past 3 years, this new approach would also reduce 3CE’s energy supply costs by up to $10 million a year or potentially over $100 million by 2030. With more financial flexibility, 3CE can further support rate stability, re-investment in efforts to bolster and accelerate the electrification of the Central Coast’s transportation, building and agricultural sectors while evaluating the value proposition of distributed energy resources.
To learn more about our new pathway to 100% clean and renewable energy by 2030, please visit our website below.