When California voted to get 100 percent of its electricity from renewable sources by 2045, it sent a signal to the market about which types of power generation technologies will remain competitive into the future. And according to Mike Ferguson, Director, North America Energy Infrastructure and Sustainable Finance with S&P Global Ratings, what California does, other states may soon follow.
“You have to look at what California is doing as potentially being trend setting,” he said in an interview, explaining that the state has the potential to be somewhat of a bellwether, especially on environmental policy.
