Premium Industrial NewsEIA: Renewables to Be Fastest-Growing Source of U.S. Electricity Generation
EIA: Renewables to Be Fastest-Growing Source of U.S. Electricity Generation
Industry Segment: Power | Word Count: 901 Words
SUGAR LAND--January 22, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--While fossil fuels, including coal and natural gas, will retain a higher share of U.S. power generation in the coming years, the U.S. Energy Information Administration (EIA) forecasts that non-hydro renewable power sources, such as wind and solar, will be the fastest growing forms of energy in the U.S. over the next two years. According the EIA's January Short-Term Energy Outlook, utility-scale solar generation will grow by 10% in 2019 and 17% in 2020, while U.S. wind generation will grow by 12% and 14% over the next two years. Industrial Info is tracking $73.9 billion in U.S. wind projects that are expected to come online in the next two years and $45 billion in solar projects.
Within this article: Details of wind and solar projects planned to come online in 2019 and 2020
Companies featured: Xcel Energy Incorporated (NASDAQ:XEL), General Electric (NYSE:GE), NextEra Energy Incorporated (NYSE:NEE)
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