Monday, July 8, 2019

USA: Government Agency Estimates Additional 860 MW Geothermal Energy Over the Next Three Years.

Renewables growth to far exceed initial projections, finds FERC (Windpower Engineering)

According to a review by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), within the past month, the agency 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., wind, solar, hydropower, biomass, geothermal) than projected earlier.

FERC’s latest monthly “Energy Infrastructure Update” report (with data through May 31, 2019) suggests that “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 GW in nuclear capacity by June 2022.

FERC suggests a high probability that geothermal energy will add another 280 MW by June 2022 and a lower possibility of a total of 860 MW added over the next three years.