Renewable Energy Outlook for 2021
Renewable Energy leads the list of planned generation additions in 2021, according to the U.S. Energy Information Administration, or EIA. Most notable is Solar which will have a record year, accounting for 39% of new generating capacity, followed by wind at 31%. The report outlines the regions largely driving the renewable additions which include Texas, Oklahoma, California, and the Mid-Atlantic.
The International Energy Agency recently forecasted that this trend extends not only in the U.S. but throughout the globe. The report projects that Renewable Energy additions will grow 10% in 2021, with a strong forecast through at least 2025.
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