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According to a recent report by data and analytics firm GlobalData, renewables (excluding hydropower) are expected to account for 30 percent of total installed capacity in the U.
S.
by 2030, up from 15 percent
in 2018.
GlobalData said that in its 2030 U.
S.
Electricity Market Outlook report, installed non-hydro renewable energy capacity in the United States will grow at a compound annual growth rate of 7.
3%, reaching a cumulative installed capacity of 442.
8 GW
by 2030.
This compares to a total capacity forecast of 231.
3 GW in 2020 and 328.
6 GW
in 2025.
The report predicts that by 2030, the installed capacity of offshore wind power in the United States is expected to reach 11.
7 GW, with a compound annual growth rate of 62% during this period.
Onshore wind capacity will reach 185.
5 GW, with a CAGR of 5%; The installed capacity of solar PV is 220 GW, with a compound annual growth rate of 10%.
Bioenergy, geothermal, and solar thermal power generation are also expected to grow
at a CAGR of 3% during the forecast period.
Meanwhile, the share of coal capacity fell from 27.
2% to 13.
5%, replaced by renewables, energy storage and stable natural gas power generation
.
"The increase in the cost of nuclear power will lead to a slight decrease
in nuclear capacity during the forecast period due to higher safety standards.
As a result, natural gas-based electricity will dominate the U.
S.
electricity market structure, accounting for 41 percent of installed capacity and meeting the country's baseload electricity demand in 2030," said
Arkapal Sil, power industry analyst at GlobalData.
According to a recent report by data and analytics firm GlobalData, renewables (excluding hydropower) are expected to account for 30 percent of total installed capacity in the U.
S.
by 2030, up from 15 percent
in 2018.
GlobalData said that in its 2030 U.
S.
Electricity Market Outlook report, installed non-hydro renewable energy capacity in the United States will grow at a compound annual growth rate of 7.
3%, reaching a cumulative installed capacity of 442.
8 GW
by 2030.
This compares to a total capacity forecast of 231.
3 GW in 2020 and 328.
6 GW
in 2025.
The report predicts that by 2030, the installed capacity of offshore wind power in the United States is expected to reach 11.
7 GW, with a compound annual growth rate of 62% during this period.
Onshore wind capacity will reach 185.
5 GW, with a CAGR of 5%; The installed capacity of solar PV is 220 GW, with a compound annual growth rate of 10%.
Bioenergy, geothermal, and solar thermal power generation are also expected to grow
at a CAGR of 3% during the forecast period.
Meanwhile, the share of coal capacity fell from 27.
2% to 13.
5%, replaced by renewables, energy storage and stable natural gas power generation
.
"The increase in the cost of nuclear power will lead to a slight decrease
in nuclear capacity during the forecast period due to higher safety standards.
As a result, natural gas-based electricity will dominate the U.
S.
electricity market structure, accounting for 41 percent of installed capacity and meeting the country's baseload electricity demand in 2030," said
Arkapal Sil, power industry analyst at GlobalData.
