The New Energy Transition Documented

FERC's Latest "Infrastructure" Report Includes Major Revisions In Its Three-Year Forecast: Significant Declines Anticipated For Fossil Fuels And Nuclear Power And Even More Dramatic Growth Projected For Enewable Energy - Notably Wind And Solar

Ken Bossong, July 8, 2019, (Sun Day)

“…[The Federal Energy Regulatory Commission (FERC)] has dramatically revised its three-year forecast for changes in the U.S. electrical generating capacity mix. Sharp declines are foreseen for fossil fuels and nuclear power while accompanied by even stronger growth in renewable energy (i.e., biomass, geothermal, hydropower, solar, wind) than earlier projected…[Through May 31, data shows] ‘high probability additions’ and ‘retirements’ combined could result in effectively no growth in the generating capacity of fossil fuels (i.e., coal, natural gas, oil) and a net decline of over 7 gigawatts (GW) in nuclear capacity by June 2022. Meanwhile, led by wind and solar, the generating capacity of renewable energy sources is foreseen to grow by more than 45 GW…

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While natural gas generating capacity is projected to increase by 18,158 megawatts (MW), that is almost completely offset by a drop of 17,037 MW in coal's net generating capacity and a decline of 1,040 MW in oil's net generating capacity. Further, nuclear power is foreseen as dropping by 7,286 MW…[W]ind capacity is projected to grow by 26,889 MW and utility-scale solar by 16,302 MW. The other renewable sources would also increase: hydropower by 1,383 MW, biomass by 328 MW, and geothermal by 280 MW. Collectively, they would add 45,182 MW over the next three years…” click here for more

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