https://electricenergyonline.com/article/energy/category/climate-change/82/1033617/wind-solar-will-be-25-of-total-u-s-generating-capacity-within-three-years-as-they-grow-by-over-100-gw-.html July 24, 2023 * Home * Login Electric Energy Online * Electric Energy Online * NEWS * JOBS + View opportunities + Employer Directory + Subscribe to Jobs Newsletter + Unsubscribe from Jobs Newsletter + Add or modify * EVENTS + Calendar + Add or modify * MAGAZINE + Current issue + Archives + Subscription * BUYERS GUIDE * NEWSLETTER + Latest newsletter + Newsletter archives + Receive the newsletters + Unsubscribe * SUBSCRIPTION + Create your FREE user account + Modify your subscription + Forgot your password * CONTACT + Contact us + Our Team + Press room + Advertiser + Help + About us * Home * Jobs + View opportunities + Employer Directory + Subscribe to Jobs Newsletter + Unsubscribe from Jobs Newsletter + Add or modify * News Categories + General + OT/IT + T&D + Climate Change + Generation + Solar + EV/Storage + Wind + CIGRE Paris + Mergers & Acquisitions + Appointments + New Products/Technology + Drilling + Financial + International + Oil & Gas + Legal + Renewable Energy * Events + Calendar + Add * Articles * Login * MAGAZINE + Current issue + Archives + Subscription * BUYERS GUIDE * Info + Contact us + Press room + Advertiser + Help + About us menu user [ ] [] * Latest news * General * OT/IT * T&D * Climate Change * Generation * Solar * EV/Storage * Wind * Mergers & Acquisitions * Appointments * Financial * Oil & Gas Intellirupter Pulsecloser Fault Interrupter from S&C | Discover the difference * Home * Category : Climate Change * News [banniere_2] SUN DAY CAMPAIGN Wind & Solar Will Be 25% of Total U.S. Generating Capacity Within Three Years as They Grow by Over 100-GW, July 21, 2023 Back Twitter Facebook Linkedin Send Save Print Based upon a review by the SUN DAY Campaign of data newly released by the Federal Energy Regulatory Commission (FERC), utility-scale solar and wind appear to be on track to provide a quarter of the nation's installed electrical generating capacity within three years. In its latest monthly "Energy Infrastructure Update" report (with data through May 31, 2023) FERC notes that wind is now 11.63% of total installed generating capacity while utility-scale solar provides another 6.86%. However, over the next three years (i.e., by May 2026), FERC anticipates "high probability additions" of solar to provide another 80,087-MW while wind is expected to expand by 19,816-MW. Assuming that materializes, in three years, wind would account for 12.43% of installed capacity while utility-scale solar would provide another 12.41%. And that does not include generating capacity provided by small-scale, distributed (e.g., rooftop) solar. [1] Factoring in FERC's forecasts for hydropower, geothermal, and biomass, renewable energy sources would expand from today's 28.01% of installed generating capacity to 33.85% - i.e., over a third - by May 2026. Solar and wind's share of U.S. generating capacity could actually be substantially higher if new capacity exceeds FERC's forecast of "high probability additions." The agency indicates that the amount of solar and wind in the three-year pipeline could be nearly three times higher than the total of the "high probability additions". Solar could add 214,022-MW while wind could grow by 66,065-MW. Moreover, recent history suggests that solar and wind growth is outpacing FERC's predictions for "high probability additions." A year ago, FERC reported "high-probability additions" for wind and solar within three years of 18,711-MW and 62,835-MW respectively.[2] FERC's latest 3-year forecast for those sources is now 22.5% higher. Signs of that prospective growth may already be evident. For the first five months of 2023, wind and solar accounted for more than half of the new capacity additions this year - 51.07% - comprised of 4,460-MW of solar and 2.645-MW of wind. New capacity provided by hydropower (254-MW), geothermal (37-MW), and biomass (29-MW) brought renewables' combined share of new capacity up to 53.38%. The balance (other than 2-MW from oil) was provided by natural gas. Notwithstanding the recent natural gas additions, FERC foresees a net decline of 1,564-MW in natural gas generating capacity over the next three years in addition to a drop of 19,966-MW in coal capacity. Oil and nuclear capacity are also foreseen falling - by 569-MW and 123-MW respectively. Should just FERC's "high probability" forecasts materialize, by May 2026, installed U.S. fossil fuels' share of total capacity will drop over the next three years: natural gas - 41.67% (from 44.37% in May 2023), coal - 14.05% (from 16.49%), and oil - 2.68% (from 2.89%). Nuclear power will also fall from 8.07% today to 7.60% in May 2026. "Wind and solar are now poised to each provide an eighth of the nation's installed generating capacity within three years while all renewables combined will account for over a third," noted the SUN DAY Campaign's executive director Ken Bossong. "But in light of renewable energy growth rates of recent years, those numbers may very well prove to be an under-estimate." Sources: FERC's 7-page "Energy Infrastructure Update for May 2023" was released on July 17, 2023, and can be found at: https://cms.ferc.gov/ media/energy-infrastructure-update-may-2023. For the information cited in this update, see the tables entitled "New Generation In-Service (New Build and Expansion)," "Total Available Installed Generating Capacity," and "Generation Capacity Additions and Retirements." Notes: [1] FERC generally only reports data for utility-scale facilities (i.e., those rated 1-MW or greater) and therefore its data do not reflect the capacity of distributed renewables, notably rooftop solar PV which - according to the U.S. Energy Information Administration (EIA) - accounts for approximately 30% of the nation's electrical generation by solar. That would imply that the total of distributed and utility-scale solar capacity combined is significantly more than the solar capacity of 6.86% reported by FERC for the first five months of 2023 and is perhaps closer to 9.0% or 10.0%. [2] FERC's 6-page "Energy Infrastructure Update for May 2022" was released on July 12, 2022, and can be found at: https://cms.ferc.gov/ media/energy-infrastructure-update-may-2022 The SUN DAY Campaign is a non-profit research and educational organization founded in 1992 to support a rapid transition to 100% reliance on sustainable energy technologies as a cost-effective alternative to nuclear power and fossil fuels and as a solution to climate change. Follow on Twitter: @SunDayCampaign For more information [thumb_bann] SUN DAY Campaign From the same organization : 62 Press releases Send us a press release The latest news <> [banniere_E] Constellation Constellation's 2023 Sustainability Report Highlights Progress on Clean Energy Transition and Community Impact Continued investments in carbon-free energy, new customer solutions and underserved communities advance Constellation's efforts to... 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