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EIA: Wind, Solar to Lead U.S. Power Capacity Additions in 2020

EIA: Wind, Solar to Lead U.S. Power Capacity Additions in 2020

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Industry Segment: Power | Word Count: 848 Words

SUGAR LAND--January 15, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--According to the U.S. Energy Information Administration (EIA), wind and solar power will contribute the largest amount of new capacity addition to the U.S. power mix this year. The agency expects about 42 gigawatts (GW) of new power to be added, with wind contributing 44% of this and solar 32%. Natural gas runs in third place, with 22%. In addition to an overall gain to the country's generating capacity, the additions also replace some retiring capacity, coming primarily from coal and older natural gas-fired plants. Industrial Info is tracking more than $52.5 billion in wind and solar projects that are scheduled to be completed in the U.S. this year.

Within this article: Details of U.S. power projects set to wrap up this year

Companies featured: General Electric (NYSE:GE), DTE Energy Company (NYSE:DTE), Duke Energy Corporation (NYSE:DUK), American Electric Power (NYSE:AEP)

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