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January 11, 2019updated 24 Jan 2019 5:01pm

Most new US energy will come from renewable sources in 2019

The majority of America’s new energy capacity additions in 2019 will come from renewable energy sources

By Jack Unwin

The majority of America’s new energy capacity additions in 2019 will come from renewable energy sources, according to figures published by the US Energy Information Administration (EIA).

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The agency estimates that 23.7GW will be added to the US electric power sector, with 64% of this coming from wind and solar power, and that 8.3GW of energy will be retired in 2019, with more than half of the scheduled retirements coming from coal.

Of the 23.7GW that will be added, 46% (10.9GW) will come from the wind energy sector, with big projects in Texas, Iowa and Illinois making up more than half of the additions for the year.

A further 18% (4.3GW) will come from major solar power projects in Texas, California and North Carolina. The EIA also estimates that a further 3.9GW of solar power will enter service in the residential and commercial sectors.

The final additions will come from natural gas (34%) and other renewables and battery storage (2%).

4.5GW of coal power is estimated to be retired by the end of the year. This includes the Navajo Generating Centre in Arizona, which will account for 2.3GW of the total when it is expected to close at the end of 2019. The total is smaller than the 13.7GW reduction in 2018, the second highest amount of coal capacity retired in a year. Despite US President Donald Trump championing coal during his election campaign, the decline of US coal production has continued under his administration.

Two nuclear power plants in Massachusetts and Pennsylvania are set to be retired in September, at a combined total of 1.5GW (18%), and 2.2GW of natural gas (27%) will cease production this year.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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