Utility-scale solar to soar in 2020, despite COVID, while coal decline accelerates, SEIA, EIA project
Utility-scale solar to soar in 2020, despite COVID, while coal decline accelerates, SEIA, EIA project
Coal production is anticipated to fall 25% in 2020 due to slowed industrial production under the current economic recession, according to the U.S. Energy Information Administration's short-term outlook released on Tuesday.
Meanwhile, the U.S. solar market hit a record in Q1 of this year, installing 3.6 GW, according to a Thursday report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Though overall installations are expected to fall in 2020 compared to 2019, utility-scale solar's strong performance is expected to boost the sector's growth by 33% this year, SEIA and WoodMac found.
EIA forecast solar and wind energy will be the "fastest-growing source of electricity generation in 2020," projecting the installation of 23.2 GW of new wind capacity and 12.6 GW of utility-scale solar capacity, slightly less than SEIA and WoodMac's estimate of over 14 GW.
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