INDUSTRY NEWS

EIA: Solar growth to drive 3% increase in US electricity generation capacity

2024-05-13

The EIA expects US power generation capacity to grow by 3% in 2024, equal to 114 billion kWh. Image: ENGIE

The US Energy Information Administration (EIA) has published its latest Short-term Energy Outlook, which expects solar to be the driving force behind a slight growth in the US’ total electricity generation capacity.

The latest edition of the monthly report forecasts energy production and consumption to 2025. The report’s authors expect US power generation capacity to grow by 3% in 2024, equal to 114 billion kWh, and a further 1%, equal to 33 billion kWh, in 2025. Renewables in general, and solar in particular, will supply much of this growth, with utility-scale PV plants expected to generate 41% more electricity in 2024, equal to 66 billion kWh, following the addition of 19GW of new solar generation capacity added in late 2023.

(The above content is reproduced from pv-tech,By JP Casey)

 

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