Renewables produced 24% of US’s energy in first 10 months of 2024

Kelsey Misbrener | Source: Solar Power World | Posted 12/28/2024

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In addition, they provided almost a quarter of the nation’s electrical generation during the first ten months of 2024. Further, October was the fourteenth month in a row in which solar was the largest source of new capacity, putting it on track to become the nation’s second-largest source of capacity — behind only natural gas — in three years or sooner.

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The SUN DAY Campaign reviewed recent data from the Federal Energy Regulatory Commission (FERC) and the U.S. Energy Information Administration (EIA) and found that renewable energy sources account for over 30% of total U.S. utility-scale electrical generating capacity, on track to reach 37% by the end of 2027. Solar and wind energy alone contributed over 90% of new generating capacity in the first ten months of 2024, with renewable sources making up almost 90.5% of capacity additions during that period.

Solar power has been the largest source of new capacity for fourteen consecutive months, with wind following closely behind. By October 2027, FERC projects solar to represent nearly 15.5% of the nation's installed utility-scale generating capacity, surpassing coal and wind to become the second-largest source after natural gas. With continued growth in renewable energy capacity, the mix of all renewables is expected to exceed 40% of total installed capacity within the next three years, potentially surpassing natural gas in the near future.

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Source Link: https://www.solarpowerworldonline.com/2024/12/renewables-produced-24-of-us-energy-in-2024/

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Renewables produced 24% of US’s energy in first 10 months of 2024

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