California Leads In Renewable Energy Attractiveness

A new study released Tuesday from Ernst & Young finds that the State of California led the nation in terms of its attractiveness to renewable energy investments in 2011. According to the report, which ranked U.S. states for investments in wind, solar energy, geothermal energy, California led the nation in energy projects. The report said California's favorable regulatory environment, offtake prices, and incentives ranked the state first in wind energy and installation of solar energy projects in the state pushed the state to first in solar. Among other tidbits, the report noted that there was 60-80MW of residential solar installed each quarter in the nation, with the majority of those installs in California. California topped New Mexico (second) and Colorado (third) in the rankings, with Hawaii ranking fourth, and Massachusetts and Texas tied for fifth.