... New renewable energy capacity exceeds that of natural gas for fourth straight year | Solar Builder

New renewable energy capacity exceeds that of natural gas for fourth straight year

renewable energy

According to the latest issue of the Federal Energy Regulatory Commission’s (FERC) “Energy Infrastructure Update” (with data through December 31, 2017), renewable sources (i.e., biomass, geothermal, hydropower, solar, wind) accounted for half (49.85%) of the 24,614 megawatts (MW) of new U.S. electrical generating capacity placed into service in 2017. New natural gas capacity accounted for 48.67%, with the balance coming from waste heat (0.89%), nuclear (0.41%), and oil ( 0.16%). There was no new coal capacity added during 2017.

Based on a review of corresponding FERC year-end reports issued for December 2016, December 2015, and December 2014 by the SUN DAY Campaign, a non-profit research and educational organization that promotes sustainable energy technologies, this is the fourth year in a row that new capacity from renewable energy sources exceeded that from natural gas. *

Growth in new solar capacity has been most dramatic. By the end of 2017, installed generating capacity at utility-scale solar facilities totaled 30.30 GW – roughly eight times (7.77%) greater than that FERC reported five years ago in its December 2012 “Energy Infrastructure Update.” Solar is now 2.55% of total U.S. installed utility-scale generating capacity.

In addition to solar, the generating capacity of each of the other renewable energy sources also increased during the past five years: wind by 53.88%, biomass by 11.20%, geothermal by 3.51%, and hydropower by 2.79%. Combined, the generating capacity of non-hydro renewables is 73.89% greater than that reported five years ago. Hydropower and non-hydro renewables combined now account for more than a fifth (20.21%) of the nation’s installed generating capacity. A half-decade ago, they were just 15.40% of the total. Wind alone is now 7.45% of total capacity, up from 4.97% in December 2012.

By comparison, the generating capacities of natural gas and oil plants have increased only modestly during the past five years: natural gas by 5.14% and oil by 5.35%. Meanwhile, while its generating capacity inched up by 1.09%, nuclear power’s share of total generating capacity actually declined by 1.52%. Most dramatically, though, generating capacity attributable to coal has declined by almost a fifth (17.83%) with its share of total U.S. generating capacity declining from 29.17% in December 2012 to 23.35% in December 2017.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Comments are closed here.