Verona Goes Solar Solar radiation along with secondary solar
resources such as wind and wave power, hydroelectricity and
biomass account for most of the available renewable energy on
Earth. Only a minuscule fraction of the available solar energy
is used. Sunlight can be converted directly into electricity
using photovoltaics (PV), or indirectly with concentrating solar
power (CSP). Photovoltaic production has been doubling every 2
years, increasing by an average of 48 percent each year since
2002, making it the world’s fastest-growing energy technology.
What exactly is a RPS? Renewable Portfolio Standards (RPS) are
laws that require utilities to use renewable energy for a
certain percentage of their generating capacity. What about REC
and SREC? If a utility can not comply with the RPS schedule
through its own facilities it is allowed to purchase a REC
“Renewable Energy Credit” or a SREC “Solar Renewable Energy
Credit” from another generator of renewable or solar renewable
energy. A REC equals to One MWh ("meg