Renewable Energy Projected to Take Over Energy Capacity in 2020
Renewable energy is growing at rapid rates over the past few years with the largest strides set to come about this year.
According to an article written by Mihai Andrei published on ZME Science, “EIA expects the addition of 42 gigawatts (GW) of new capacity in the US in 2020. Solar and wind represent almost 32 GW of these (76%). Wind accounts for the lion’s share of this (44%), followed by solar at 32%. Natural gas will only account for 22% of this new energy.”
However, Nicki Zvik, Founder of Green Solar Technologies, makes the point, “While these numbers are very promising, we need to make clear that this doesn’t mean that three-fourths of energy generated will be from renewable sources. Rather it means that renewable energy will have a much larger capacity for energy generation than natural gas.”
Regardless of whether or not the total renewable energy capacity will be used, this is great news for renewable energy industries and specifically the solar industry.
The ZME Science article continues, “The impact of these shifts indicate a longer trend for the foreseeable future. Most of the new energy is renewable, and most of the decommissioned energy is fossil fuel. This is also making an impact in the country’s greenhouse gas emissions. After decreasing by 2.1% in 2019, EIA forecasts that energy-related carbon dioxide (CO2) emissions will decrease by 2.0% in 2020 and by 1.5% in 2021 (under normal weather conditions).”
“With so much talk of the U.S. and eventually the entire world running on solar, we will eventually use all of this solar capacity and much more. This is just the start,” mentions Zvik. “And even if the U.S. doesn’t utilize all of this capacity in 2020, the point is that it’s there for future use and it sets us on the right track to becoming a renewable-powered country.”
Zvik wraps up his thoughts on the matter discussing goals he has in place for Green Solar Technologies this year.
“Last year was GST’s most prosperous year yet, and we have even higher standards this year,” shares Zvik. “The solar industry is growing at unstoppable rates, and we know we can reach new heights this year with the world becoming more and more receptive to and excited for the potential of solar power.”
