FERC expects 50 GW of rewnewables to be added in next three years – far outpacing fossil fuels

FERC expects 50 GW of rewnewables to be added in next three years – far outpacing fossil fuels


FERC released its year-end energy infrastructure report today, and initial analysis by the SUN DAY Campaign finds that renewable energy sources provided 57.26% of new U.S. electrical generating capacity added in 2019 — swamping new additions provided by coal, natural gas, oil and nuclear power combined.

FERC’s latest monthly “Energy Infrastructure Update” report (with data through December 31, 2019) reveals renewable sources accounted for 11,857 MW of new generating capacity by the end of the year. That is 33.97% more than that of natural gas (8,557 MW), nuclear (155 MW), oil (77 MW) and coal (62 MW) combined.

Renewables have now reached 22.06% of the nation’s total available installed generating capacity — further expanding their lead over coal capacity (20.89%). Among renewables, wind can boast the largest installed electrical generating capacity (8.51% of the U.S. total), followed by hydropower (8.41%), solar (3.49%), biomass (1.33%) and geothermal (0.32%). Wind and solar combined now account for 12.0% of the nation’s electrical generating capacity.

Moreover, FERC foresees renewables dramatically expanding their lead over fossil fuels and nuclear power in terms of new capacity additions during the coming three years. Net generating capacity additions (proposed additions under construction minus proposed retirements) for renewable sources total 48,254 MW — wind: 26,403 MW, solar: 19,973 MW, hydropower: 1,460 MW, biomass: 240 MW, and geothermal: 178 MW.

By comparison, net additions for natural gas total 21,090 MW while the installed capacities for coal, nuclear and oil are projected to drop by 18,857 MW, 3,391 MW, and 3,085 MW, respectively. In fact, FERC reports no new coal capacity in the pipeline over the next three years.

While net new renewable energy capacity is projected to be nearly 50,000 MW greater within three years, that of fossil fuels and nuclear power combined will decline by over 4,200 MW. Between now and the end of 2022, new wind capacity alone will be greater than that of natural gas while that of wind and solar combined will more than double new gas capacity.

Moreover, if FERC’s data prove correct, then by the end of 2022, renewable sources will account for more than one-quarter (25.16%) of the nation’s total available installed generating capacity while coal will drop to 18.63% and that of nuclear and oil will decrease to 8.29% and 2.95%, respectively. Natural gas will increase its share — but only slightly — from 44.67% today to 44.78%.

“The rapid growth of renewables and corresponding drop in electrical production by coal and oil in 2019 provides a glimmer of hope for slowing down the pace of climate change,” noted Ken Bossong, Executive Director of the SUN DAY Campaign. “And renewables’ continued expansion in the near future – as forecast by FERC – suggests that with supportive governmental policies, these technologies could provide an even greater share of total U.S. electrical generation.”

News item from SUN DAY

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