• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 15 hours "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 3 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 4 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 15 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Could Iraq Dethrone Saudi Arabia As Largest Oil Producer?

Could Iraq Dethrone Saudi Arabia As Largest Oil Producer?

Iraq remains the largest underdeveloped…

Wind, Solar To Dominate New U.S. Power Capacity This Year

Wind and solar power will dominate the electricity generation additions across the United States in 2020, accounting for an overwhelming 76 percent of all new capacity set to begin commercial operation this year, the U.S. Energy Information Administration (EIA) said on Tuesday.  

Wind will be the main source of new capacity additions, followed by solar and natural gas, according to EIA’s latest inventory of electric generators. New wind capacity additions will account for 44 percent of all U.S. electric capacity additions in 2020. Solar power will account for 32 percent of additions and natural gas additions will represent 22 percent of all new U.S. capacity. The remaining 2 percent will come from hydroelectric generators and battery storage, EIA’s estimates show.

Due to the expiration of the U.S. production tax credit (PTC) at end-2020, wind power developers are rushing to install more wind capacity this year before the tax credit expires. The phase-out of the tax credit extension also pushed up wind power installations last year, which the EIA estimates at 11.8 gigawatts (GW).  

This year, new wind power capacity of 18.5 GW is set to come online, setting a record as it will beat the previous record of 13.2 GW new wind capacity set in 2012.

In solar power, the new additions are also set to break the previous record, as 13.5 GW of solar capacity is expected to come online this year, easily beating the previous record addition of 8 GW in 2016. More than half of the utility-scale electric power sector solar photovoltaic (PV) capacity additions will be in four states—Texas, California, Florida, and South Carolina.  

Most of the natural gas additions—more than 70 percent—will be in Pennsylvania, Texas, California, and Louisiana.  

Coal will lead the capacity retirements this year, as it did last year, when for one month, April, renewables held a larger share than coal in U.S. monthly electricity generation, for the first time ever.  

In 2020, a total of 51 percent of scheduled capacity retirements will be coal-fired, followed by natural gas with 33 percent and nuclear with 14 percent, EIA’s data shows.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News