Utility-scale solar and wind each added more generating capacity than natural gas during the first nine months of 2022, according to a SUN DAY Campaign review of FERC data. FERC’s latest three-year forecast suggests that installed natural gas capacity will begin to decline by 2025 while solar and wind continue to rapidly expand.
Solar (6,751 MW) and wind (6,328 MW) each provided more new generating capacity during the first three-quarters of this year than did natural gas (6,086 MW). Combined with capacity additions by geothermal (90 MW), biomass (22 MW) and hydropower (14 MW), renewable energy sources accounted for 13,205 MW or 68.4% of the 19,316 MW of new generation put into service this year.
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Source: Solar Power World
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