In November, San Franciscans gave their backing to the city governors’ proposal to create bonds worth USD 100 million to finance 10 - 12 MW of PV, 30 MW of wind and energy efficiency measures in public properties over the next four years.

73% of voters said 'yes' to the creation of the revenue bonds, partly in order that the city can protect itself from the energy price shocks that have rocked California over the past two years. In fiscal year 1998/99, the City of San Francisco spent USD 7 million on electricity purchases. In 2000/01, this had rocketed to 39 million. The bond is expected to pay for itself from the savings in electricity purchases. The fact sheet outlining the proposition for the bond also advised voters that the measure is likely to attract a PV manufacturer to San Francisco, bringing jobs and creating a new economic base for the city.

Information:

• Web: http://www.californiasolarcenter.org/sfbond2001.html

[ Top ] [ Previous article in PV Power ] [ Next article in PV Power ]