September 20 (Renewables Now) - Holy Cross Energy (HCE), an electric cooperative in Colorado, has set a target of sourcing at least 70% of the power provided to its members from clean and renewable energy by 2030, up from 39% now.
HCE will also aim to reduce the greenhouse gas emissions from its power supply by 70% from 2014 levels, compared to 25% today. A third objective is to achieve the former two at no additional increase in the cost of power supply.
"Thanks to advances in technology and changes in energy markets, we have the opportunity to bring on new renewable energy resources at costs comparable to our existing supply," president and chief executive Bryan Hannegan said in a statement on Wednesday.
HCE, which serves the Colorado counties of Eagle, Garfield and Pitkin, plans to increase its renewable energy purchases and reduce its reliance on coal-fired generation. It will also improve the energy efficiency of its network and the buildings, vehicles and businesses connected to it. In addition, HCE plans to beef up investments in new renewable resources directly hooked to its distribution grid and the homes and businesses the cooperative serves.