Establish and invest in renewable energy hubs through partnerships with the private sector.
Building on the action for the City to evaluate the potential for energy storage and solar powered microgrids for its own facilities (Action 2), the City will evaluate opportunities to establish “Renewable Energy hubs,” for focusing investments in renewable energy and energy storage. The City will work with the business community to develop renewable projects through public-private partnerships. The action would focus on understanding the institutional requirements and contracts needed to form such a partnership for the joint development of a solar or other type of renewable project. The project could serve as a model for more investments in large-scale solar in the city. Further, potential usage of grants through organizations such as State Energy Office and other agencies will be evaluated.