According to the newly passed bill, privately owned utilities must have around 1.5% share of solar power by 2020, and they should aim to achieve a 10% solar share by 2030.
Currently, the state has an installed solar capacity of around 13MW, reports the pv-magazine.com.
Meanwhile, the law is anticipated to increase the state’s solar PV industry by 40-fold, and will also back production-based incentives for systems that use solar modules manufactured in Minnesota, under a five-year, $5m per year fund.
As per the law, approximately 10% of the solar power will have to be generated by systems with an installed capacity of around 20KW or less.
Currently, US state of California is top at the top with an installed PV capacity of around 1,033MW annually, followed by Arizona with 710MW and New Jersey with 415MW, according to Solar Energy Industries Association.
