Dive Summary:

• Massachusetts’ Department of Public Utilities approved a provision Friday mandating utilities go after at least two significant clean energy contracts by the end of 2016.
• As a result, wind and solar projects struggling to grow will get a boost in funding.
• The state will offer a federal tax credit to reward clean energy developers advancing projects by the end of 2013.

From the article:

“Renewables are often more expensive than fossil fuel sources such as natural gas. Above-market costs in clean energy contracts are typically passed on to ratepayers.”