In the quest for renewable energy growth and the lessening of our environmental impact, there’s a clear frontrunner looking to set the pace in 2021 – solar.
Solar energy is on track to be the most generative energy source for new electricity in 2021, and the US Energy Information Administration announced that utility-scale solar is expected to set records in 2021 by giving the US grid 15.4 GW of new solar capacity
In 2020, solar expanded almost 12GW, with nearly half of those additions coming only in the last two months of 2020.
If these predictions hold, solar will be adding the most new energy to the grid; 39% of total new U.S. electricity generating capacity, to be exact. The rest of the line-up is 31% for wind, 16% for natural gas, 11% for battery storage and 3% for nuclear.
Texas will be the home of the U.S.’ most expansive solar farm, the Samson Solar Energy Center. Around the world, similar investments are being made in solar energy, exemplified by Morgan Stanley Investment Management and the Investment Fund for Developing Countries giving $38 million to Nigerian solar energy provider Daystar Power for expanded solar farms.
On this MarketScale industry update, hosts Daniel Litwin and Tyler Kern discuss the challenges and promise associated with more solar development, how the energy sector will make it a reality, and more.
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