Renewables now declare a 30.1% share of whole US utility-scale electrical producing capability, based on new Federal Vitality Regulatory Fee (FERC) information.
Photo voltaic additionally offered practically 100% of all new producing capability in August, based on the SUN DAY Marketing campaign, who reviewed the FERC information.
What’s extra, renewable power sources – biomass, geothermal, hydropower, photo voltaic, wind – accounted for over 90.1% of whole US electrical producing capability added within the first eight months of 2024.
Renewables had been 99.8% of latest producing capability in August and 90.1% in first two-thirds of 2024. In its newest month-to-month “Vitality Infrastructure Replace” (with information by means of August 31, 2024), FERC says 29 “items” of photo voltaic totaling 1,404 megawatts (MW) had been positioned into service in August together with one unit of biomass (3 MW). Mixed, they accounted for 99.8% of all new producing capability added in the course of the month. Pure gasoline offered the stability (3 MW).
Through the first eight months of 2024, photo voltaic and wind added 16,546 MW and a pair of,270 MW, respectively. Mixed with 212 MW of hydropower and 6 MW of biomass, renewables had been 90.1% of capability added. The stability consisted of the 1,100 Vogtle-4 nuclear reactor in Georgia plus 977 MW of gasoline, 11 MW of oil, and three MW of “different.”
Photo voltaic was 99.6% of latest capability in August and 78.3% in the course of the first eight months of 2024. The brand new photo voltaic capability added from January by means of August this yr was greater than double the photo voltaic capability (8,248 MW) added year-over-year. Photo voltaic accounted for 78.3% of all new technology positioned into service within the first two-thirds of 2024.
New wind capability year-to-date accounted for a lot of the stability – 10.7% – however that was lower than that added year-over-year.
In August alone, photo voltaic comprised 99.6% of all new capability added. Photo voltaic has now been the most important supply of latest producing capability added every month for 12 months straight, from September 2023 to August 2024.
Photo voltaic and wind now make up 21% of US producing capability. The mixed capacities of photo voltaic and wind now represent greater than one-fifth (21.0%) of the US’s whole out there put in utility-scale producing capability with wind at 11.74% and photo voltaic at 9.21%.
Nevertheless, roughly 30% of US photo voltaic capability is within the type of small-scale (e.g., rooftop) programs that’s not mirrored in FERC’s information. Together with that further photo voltaic capability would deliver the share offered by photo voltaic + wind nearer to a quarter of the US whole.
With the inclusion of hydropower (7.7%), biomass (1.1%) and geothermal (0.3%), renewables now declare a 30.1% share of whole US utility-scale producing capability.
Photo voltaic’s share of US producing capability larger than both nuclear or hydropower. The most recent capability additions have introduced photo voltaic’s share of whole out there put in utility-scale (i.e., >1 MW) producing capability as much as 9.2%, additional increasing its lead over nuclear energy (8.0%) and hydropower (7.7%).
Put in utility-scale photo voltaic has now moved into fourth place – behind pure gasoline (43.3%), coal (15.7%), and wind – for its share of producing capability.
The mixed capacities of all renewables, together with small-scale photo voltaic, stay on observe to exceed pure gasoline inside three years. As famous, FERC’s information don’t account for the capability of small-scale photo voltaic programs. If that’s factored in, then inside three years, whole US photo voltaic capability (i.e., small-scale plus utility-scale) is prone to surpass 300 GW. In flip, the combination of all renewables would then exceed 40% of whole put in capability whereas pure gasoline’ share would drop to about 37%.
Furthermore, FERC stories that there may very well be as a lot as 212,412 MW of internet new photo voltaic additions within the present three-year pipeline along with 67,395 MW of latest wind, 8,944 MW of latest hydropower, 199 MW of latest geothermal, and 195 MW of latest biomass. Thus, renewables’ share might be even larger by late summer time 2027.
“Each month, for a full yr now, photo voltaic has led the pack in offering new US producing capability,” famous the SUN DAY Marketing campaign’s government director Ken Bossong. “And it’s poised to proceed dominating capability additions for a minimum of the subsequent three years.”
Learn extra: Texans need its lawmakers to cease messing with its photo voltaic progress
FTC: We use revenue incomes auto affiliate hyperlinks. Extra.
