The US Energy Information Administration (EIA) says it expects solar generation to grow from 163 billion kWh in 2023 to 286 billion kWh in 2025.
January 18, 2024 Ryan Kennedy
Image: EIA
From pv magazine USA
The EIA has released projections for solar and wind energy growth in its recent “Short Term Energy Outlook” report, showing strong growth in solar and moderate growth for wind.
The EIA said it expects solar generation to grow by 75% from 2023 to 2025. In 2023, the United States generated about 163 billion kWh, and the EIA expects this to reach 286 billion kWh in 2025.
PV Intel statistics show that from January to October 2023, solar power accounted for 5.78% of US electricity. This marks a 16% increase in solar power generation over the preceding year.
Wind power generation is expected to grow 11%, increasing from 430 billion kWh in 2023 to 476 billion kWh in 2025, said the EIA. It added that it expects coal generation to decline from 665 billion kWh in 2023 to 548 billion kWh in 2025. Natural gas is expected to remain the largest source of US electricity generation, with 1,700 billion kWh generated in 2024 and 2025. Both natural gas and nuclear power are expected to remain relatively flat in generation contribution over the next two years.
In total, the US electric power sector produced 4,017 billion kWh. Renewable sources including solar, wind, hydroelectric power, biomass, and geothermal, accounted for 22% of the total. Renewable generation as a group passed total nuclear generation in 2021 and surpassed coal in 2022.
Large additions of new renewable energy capacity are driving this shift in generation mix. Solar developers are expected to increase the nation’s total operational capacity by 38%. Total solar capacity is expected to grow from 95 GW at the end of 2023 to 131 GW at the end of 2024.
The EIA forecasts the deployment of 45 GW (DC) of utility-scale solar projects larger than 1 MW in 2024. This is projected increase to about 53 GW in 2025. Adding Wood Mackenzie Power and Renewables conservative projections of 6 GW in residential solar and 2 GW in commercial projects, the total solar capacity expected for 2024 is 53.5 GW. Projected figures for 2025 suggest a potential total deployment of 65 GW of solar power.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : PV-Magazine – https://www.pv-magazine.com/2024/01/18/us-solar-power-generation-to-grow-by-75-through-2025-says-eia/
