Tag: years

  • US renewables’ annual capacity additions to triple in 10 years – WoodMac

    With the US Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW), asserts Wood Mackenzie (WoodMac). US renewables’ annual capacity growth Speaking at the RE+ conference in Las Vegas, Chris Seiple, vice chairman, power and renewables for Wood Mackenzie, said: The…

  • Solar, wind likely to provide 25% of US electrical generating capacity within 3 years

    Utility-scale solar and wind are on track to provide 25% of the US’s installed electrical generating capacity within three years, according to newly released FERC data. The Federal Energy Regulatory Commission’s (FERC) latest monthly “Energy Infrastructure Update” (with data through May 31, 2023) reports that wind now accounts for 11.63% of total installed generating capacity,…