More And More New Energy

FERC’s Latest "Infrastructure" Report Reflects Major Changes In Its Three-Year Forecast: No New Coal Capacity; Net Reduction In Fossil Fuels; Significant Decline For Nuclear Power; Net New Wind And Solar Capacity More Than Doubles That Of Natural Gas

Ken Bossong, November 4, 2019 (Sun Day)

“…[In Federal Energy Regulatory Commission (FERC) U.S. electrical generating capacity revisions from earlier this year, sharp] declines are foreseen for fossil fuels and nuclear power while renewable energy (i.e., biomass, geothermal, hydropower, solar, wind) is forecast to experience even stronger growth than previously projected…[D]ata through August 31, 2019) indicates a net decline of [4,851 MW or] nearly five percent (4.56%) in nuclear capacity by August 2022…[New Energy] is foreseen to grow by more than 47 gigawatts (GW)…

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[N]et new natural gas generating capacity is projected to increase by 19,757 megawatts (MW)…[but]] that is more than offset by a drop of 18,957 MW in coal's net generating capacity and a decline of 3,016 MW in that of oil…[W]ind capacity is projected to grow by 27,659 MW and utility-scale solar by 17,857 MW. The other renewable sources would also increase: hydropower by 1,282 MW, biomass by 333 MW, and geothermal by 280 MW. Collectively, they would add 47,411 MW over the next three years. That is significantly more than double the projected growth in natural gas generating capacity…” click here for more

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