Tuesday, January 10, 2017

USA: Renewables Account for 63% of New Generating Capacity Added to the Power Grid During 2016

Renewable generation capacity expected to account for most 2016 capacity additions (EIA)

Once final data are in, Energy Information Agency (EIA) expects 24 gigawatts (GW) of new generating capacity to be added to the power grid during 2016. For the third consecutive year, more than half of these additions are renewable technologies, especially wind and solar.

Of the 2016 renewable additions, nearly 60% were scheduled to come online during the fourth quarter. Renewable capacity additions are often highest in the final months of the year, in part, because of timing qualifications for federal, state, or local tax incentives. Estimated fourth-quarter capacity additions for 2016 are based on planned additions reported to EIA and are subject to change based on actual project schedules.

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