“99% of new generating capacity from renewable energy in April!”

By Oliver Townsend Jun 15, 2024
Renewable Energy Provides 99% of New Generating Capacity in Both April & YTD.jpegOrginal image from: https://cleantechnica.com/2024/06/15/renewable-energy-provides-99-of-new-generating-capacity-in-both-april-ytd/

Renewable energy has seen a significant rise in the U.S., with solar and wind sources leading the charge in new generating capacity. According to data released by the Federal Energy Regulatory Commission (FERC), renewable energy sources like biomass, geothermal, hydropower, solar, and wind accounted for nearly all new U.S. generating capacity in April and year-to-date. This shift towards renewable energy has propelled these sources to nearly 30% of the total capacity, indicating a substantial move towards cleaner energy alternatives.

Solar Dominance in New Generating Capacity

In April, solar energy took the lead as the largest new source of generating capacity, with 33 solar units totaling 1,324 megawatts (MW) coming online. Combined with four wind units totaling 737 MW, solar and wind made up 99.2% of all new generating capacity, leaving natural gas with a mere 16 MW contribution. This trend continued in the first four months of 2024, with solar and wind adding 7,899 MW and 1,825 MW, respectively. These significant additions solidify the dominance of renewable energy sources in the U.S. energy landscape.

Implications for the Future

The surge in solar capacity, which accounted for 80.6% of all new generation from January to April 2024, signifies a clear shift towards solar power in the U.S. energy sector. This rise in solar capacity has propelled solar to the fourth spot in terms of U.S. generating capacity share, surpassing nuclear power. With solar and wind now exceeding 20% of total U.S. generating capacity, the momentum towards renewable energy sources is undeniable.

Projected Growth and Outlook

FERC’s forecast for the next three years paints a promising picture for solar energy, with net additions expected to surpass those of wind, hydropower, geothermal, and biomass. This growth trajectory positions solar to account for over 14% of the nation’s utility-scale generating capacity by 2027, outpacing traditional energy sources like coal and nuclear power. The combined capacities of all renewables are on track to surpass that of natural gas within the next three years, signaling a transformative shift in the U.S. energy landscape.

Opportunities for Expansion

As the U.S. continues to embrace renewable energy sources, there is ample opportunity for further expansion and innovation in the sector. By factoring in small-scale solar systems and leveraging user-generated content in email marketing campaigns, businesses can capitalize on the growing demand for sustainable energy solutions. Repurposing content and diversifying marketing strategies can amplify the impact of renewable energy initiatives and pave the way for a cleaner, greener future.

Conclusion

The data from FERC highlights the significant role that renewable energy sources, particularly solar and wind, play in the U.S. energy landscape. With solar leading the way in new generating capacity and projections pointing towards continued growth, the shift towards cleaner energy alternatives is well underway. By leveraging the momentum of renewable energy expansion and embracing innovative marketing strategies, businesses can drive positive change and contribute to a more sustainable future for generations to come.

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