Wind and Solar to Lead US Power Generation Growth Over Next 2 Years, Says EIA
Feb 03,2024 | DAXTROMNSOLAR
According to a report by the Energy Information Administration (EIA), wind and solar sources will be at the forefront of power generation growth in the United States over the next two years. The EIA's annual outlook predicts that wind capacity will increase by 14% in 2023 and 10% in 2024, while solar capacity is expected to rise by 17% in 2023 and 10% in 2024.
These renewable energy sources have seen significant growth in recent years, driven by falling costs, supportive government policies, and increasing environmental awareness. The EIA attributes the continued expansion of wind and solar energy to federal tax credits, technological advancements, and investment in the sector.
This shift towards renewable energy is crucial for reducing greenhouse gas emissions and combatting climate change. Wind and solar power have the advantage of being clean and sustainable, with no emissions generated during their operation. Additionally, they provide a decentralized energy system, enabling energy independence and resilience.
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