Solar power generation production line

Will solar power grow in 2025?

In our latest Short-Term Energy Outlook, we forecast that wind and solar energy will lead growth in U.S. power generation for the next two years. As a result of new solar projects coming on line this year, we forecast that U.S. solar power generation will grow 75% from 163 billion kilowatthours (kWh) in 2023 to 286 billion kWh in 2025.

Will solar and wind energy lead the growth in US power generation?

Solar and wind energy will lead the growth in U.S. power generation for at least the next two years, according to EIA estimates. This report uses data from the EIA to analyze solar and wind capacity and generation over the past decade (2014 to 2023) in all 50 states and the District of Columbia.

How has solar energy generating capacity changed since 2009?

Photovoltaic (PV) solar energy generating capacity has grown by 41 per cent per year since 2009 1. Energy system projections that mitigate climate change and aid universal energy access show a nearly ten-fold increase in PV solar energy generating capacity by 2040 2, 3.

Where do solar and wind power data come from?

All national and state-level data come from the U.S. Energy Information Administration (EIA). Utility-scale solar and wind summer capacity values for 2014-2022 are as reported in EIA’s Historical State Data for each year.

How many PV solar installations are there in the world?

The resulting dataset expands the previous publicly available facility-level data for PV solar energy by 432% (in number of facilities), including 18,449 new installations in China, 9,906 in Japan, 4,525 in the United States, 2,021 in India and 17,918 in the European Economic Area.

How does new solar power capacity affect generation growth?

Wind and solar developers often bring their projects on line at the end of the calendar year. So, the new capacity tends to affect generation growth trends for the following year. Solar is the fastest-growing renewable source because of the larger capacity additions and favorable tax credits policies.