Solar to contribute over 60% of new US electricity generation in 2024

The U.S. Energy Information Administration (EIA) released its Short-Term Energy Outlook report, forecasting that the total electricity generation capacity in the United States will increase 3% in 2024 and 1% in 2025.

“Renewable energy sources—chiefly solar—will supply most of that growth,” said EIA.

Solar, wind, and hydropower in 2023 combined for roughly 21% of electricity generation in the United States. EIA expects this figure to grow to 24% in 2025.

Solar is the major driver of this energy transition. EIA said that solar will provide 41% more electricity in 2024 than in 2023. EIA said the 19 GW of solar capacity added in 2023 and the over 37 GW expected this year account for the large jump in generation. In 2025, total solar generation is expected to grow another 25%.

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Source: PV Magazine

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