In a recent Department of Energy report, new wind and solar power capacity additions dwarf most fossil fuels types.
This post is basically part two of the most recent one detailing future solar power growth predictions in the U.S. The basic idea here is that solar has been, and is completely expected to, stay on a growth trend that massively outpaces all fossil fuels.
Case in point is this recent report released by the Department of Energy that shows wind and solar power growing at a pace much faster than fossil fuels. In fact, it shows that wind and solar accounted for more than 500 gigawatts of new energy capacity for 2018. Of course, the natural gas boom is still prevalent, but due to the inherently non-renewable nature of that source of power, it can be expected that it will eventually follow a downward trajectory.
Another interesting thing definitely worth mentioning about this graph is the quite noticeable portion of energy storage. An increasing amount of energy storage is being incorporated in renewable energy projects. Battery storage is an undeniably important part of current and future wind and solar installations.
This post is, yet again, inspired by a recent one by PV Magazine USA. According to their research, projected solar growth shows a possible 222 gigawatts of solar and 64 gigawatts of energy storage through to 2023. Of course, it is quite possible that not every single gigawatt of these figures will be installed and it is also quite possible that the numbers will be even larger.
The primary point of this follow up post to the last was to add a few more numbers to the story. There’s plenty of statistical evidence to prove the solar industry’s ascension as a part of the total energy mix in the coming years. It may be easy to doubt any one person’s predictions, but hard data from reputable sources like the Department of Energy are difficult to refute.
The big picture here is that solar power will become a major source of energy much sooner than later!
In conclusion, the report on strong solar growth trend highlights the promising future of solar energy. The increasing adoption of solar power across various sectors is a positive sign for the renewable energy industry. With advancements in technology and decreasing costs, solar energy is becoming more accessible and efficient. This growth trend not only benefits the environment but also presents numerous economic opportunities. It is evident that solar power will play a significant role in our transition towards a sustainable and clean energy future.
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In conclusion, the report highlights the strong growth trend in the solar industry. The increasing adoption of solar energy is driven by various factors such as government incentives, declining costs, and growing environmental awareness. This growth trend is expected to continue in the coming years, leading to a significant expansion of the solar market. The report’s findings suggest that investing in solar energy can be a lucrative opportunity for businesses and individuals alike.