Significant Renewable Energy Growth in U.S. Very Soon, New Estimates Predict
Regulatory Commission (FERC) has predicted major declines for fossil fuels and nuclear power alongside strong growth in renewables by 2022, according to a review of the data by the SUN DAY Campaign, a pro-renewables research and education nonprofit.
“FERC’s latest three-year projections continue to underscore the dramatic changes taking place in the nation’s electrical generating mix,” noted Ken Bossong, executive director of the SUN DAY Campaign. “Renewable energy sources are rapidly displacing uneconomic and environmentally dangerous fossil fuels and nuclear power — even faster than FERC had anticipated just a half-year ago.”
While the independent federal agency forecasts robust wind and solar development, it also predicts a large increase in natural gas capacity, which is consistent with the current public emphasis of the newly rebranded “natural gas and oil industry.” The projected gains in natural gas power, however, aren’t enough to offset the sizeable drops in coal and oil, resulting in an overall decrease in burning fossil fuels for power in the U.S.
As we have noted on DeSmog, the oil and gas industry is publicly selling natural gas as a cleaner fossil fuel and a climate solution. Renewables represent a threat to its growing market share, both economically and based on climate concerns.
According to FERC, net new gas-powered generating capacity (which accounts for power plants expected to close) is predicted to increase by 19,757 megawatts (MW) in the next three years. Wind capacity is projected to grow by 27,659 MW and utility-scale solar by 17,857 MW.