Wind, solar, and batteries increasingly account for more new US power capacity additions
Wind, solar, and battery storage are growing as a share of new electric-generating capacity each year. In 2023, these three technologies account for 82% of the new, utility-scale generating capacity that developers plan to bring online in the United States, according to our Preliminary Monthly Electric Generator Inventory.
Utility-scale solar capacity didn’t start ramping up in the United States until 2010. As the cost of solar panels dropped substantially and state and federal policies introduced generous tax incentives, solar capacity boomed. As of January 2023, 73.5 gigawatts (GW) of utility-scale solar capacity was operating in the United States, about 6% of the U.S. total.
Just over half of the new U.S. generating capacity expected in 2023 is solar power. If all of the planned capacity comes online this year as expected, it will be the most U.S. solar capacity added in a single year and the first year that more than half of U.S. capacity additions are solar.
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