• 3 minutes Is California becoming a National Security Risk to the U.S.?
  • 9 minutes Oil Prices
  • 14 minutes Gaming the Price of Oil
  • 13 mins Could EVs Become Cheaper than ICE Cars by 2023?
  • 29 mins France Revolts Against Anti - Carbon Tax
  • 11 mins Your idea of oil/gas prices next ten years
  • 7 hours MBS Isn't Going Anywhere
  • 6 hours Can U.S. Add "Another Russia" to Oil Supply?
  • 8 hours Regular Gas dropped to $2.21 per gallon today
  • 16 mins US continues imports of Russian gas which it insists Europe should stop buying
  • 1 hour French Fuel Protests
  • 13 hours Why does US never need to have an oil production cut?
  • 1 hour And Just Like That, Everybody Stopped Talking About $100 Oil
  • 52 mins OPEC is collapsing
  • 57 mins Santa Drives A Tesla, Not a Sleigh-- I KNEW IT.
  • 5 hours DOW down as tech shares plummet
Alt Text

GE's Fight For Survival

General Electric’s decision to sell…

Alt Text

Big Oil Wins Ballot Initiatives In Colorado, Washington

Tuesday’s energy-restricting ballot initiatives were…

Alt Text

Oil Majors Win Big In Midterms

The energy industry won quite…

Robert Rapier

Robert Rapier

More Info

Trending Discussions

U.S. Renewable Capacity Soars

The history of power production through the early part of the 21st century was very much a tale of nonrenewable energy resources. Power was produced primarily by coal, natural gas, and nuclear energy at large power plants at central locations and distributed to customers via the electrical grid.

But a revolution is underway in the world’s power markets.

The Rise of Renewables

The world’s energy mix has evolved substantially over the past 20 years. Since 1997, global cumulative installed solar photovoltaic (PV) and wind power have climbed from less than 8 GW to nearly 800 GW, according to the BP Statistical Review of World Energy. According to the International Energy Agency (IEA), renewables were responsible for almost 165 GW of new global power capacity in 2016—nearly two-thirds of the global total.

The U.S. has been a leader in this transition. According to the Federal Energy Regulatory Commission’s (FERC) “Energy Infrastructure Update” (EIU), renewable power sources accounted for half (49.9 percent) of the 24.6 gigawatts (GW) of new U.S. electrical generating capacity placed into service in 2017. Nearly all of the rest, 48.7 percent, was new natural gas capacity.

At the end of 2017, all renewables (including hydropower) accounted for more 20 percent of the nation’s installed generating capacity — up from 15.4 percent in 2021. Renewables accounted for 17.6 percent of total electrical generation in 2017, compared to 15.3 percent in 2016. The discrepancy between the 20 percent installed capacity and 17.6 percent of generation is attributable to the intermittency of renewable sources. Related: Bank Of America: Oil Prices Could Hit $100 Next Year

The Revolution Accelerates

But the first quarter of this year resulted in almost exclusively new renewable capacity. FERC’s most recent EIU showed that in the first three months of this year, renewables comprised nearly 95 percent of new power-generating capacity.

(Click to enlarge)

New power capacity installed in Q1 2018

By Robert Rapier

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment
  • John Brown on May 12 2018 said:
    Renewable energy is soaring among w production of shale oil & natural gas in the USA. WTI over $70 headed to $80 or $100 is like a Gold Rush for both. The Saudis/OPEC/Russia have no ideal what they are setting in motion idling capacity & artificially driving oil prices higher. They are going to fine that the USA & Others are now in a position to respond w shale production & renewables Beyond anything we’ve seen. Write.
  • John on May 14 2018 said:
    "...up from 15.4 percent in 2021."

    maybe 2016? Certainly not based on future percentage...

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
-->