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The U.
S.
Department of Energy's Energy Information Administration (EIA) agency expects to install 13.
4 gigawatts (AC) of utility-scale solar capacity and 5.
1 gigawatts (AC) of small-scale photovoltaic power generation in the U.
S.
this year, totaling 18.
5 GW (AC), with a standard DC-AC ratio of 1.
3:1, suggesting that 24 GW(DC) of solar
will be installed in the U.
S.
in 2020.
With the 2016 investment tax credit expiring, EIA expects the U.
S.
to add 25.
9 GW(DC)
of solar next year.
Government agencies are also expecting a net negative increase in fossil fuel installed capacity this year, which has happened
every year since U.
S.
fossils peaked in 2006.
In addition, wind power capacity is expected to reach 18.
5 GW
this year.
New solar peaked at 11.
2 gigawatts (AC) in 2016 and subsequently declined in 2017 due to the impact of investment tax credits, and the explosive growth expected in 2020 and 2021 will be greatly driven
by an annual utility-scale PV capacity jump from 5.
9 GW(AC) to 13.
4 GW(AC).
However, huge growth projections are not limited to large-scale solar projects
.
EIA believes that small-scale PV will grow from 3.
6 GW (AC) last year to just over 5 GW (AC), which will be mainly driven
by the residential market.
The utility-scale data is in line with a year-old report by S&P Global Market Intelligence, which hinted at the possibility of deploying more than 12 gigawatts (AC) of utility-scale solar
this year.
Add to that a recent Mac Mackenzie Renewable Energy & Power report showing that the number of energy storage deployments could triple from last year to now, more than doubling from 2020 to next year, and it's clear that the clean energy industry is growing
.
The U.
S.
Department of Energy's Energy Information Administration (EIA) agency expects to install 13.
4 gigawatts (AC) of utility-scale solar capacity and 5.
1 gigawatts (AC) of small-scale photovoltaic power generation in the U.
S.
this year, totaling 18.
5 GW (AC), with a standard DC-AC ratio of 1.
3:1, suggesting that 24 GW(DC) of solar
will be installed in the U.
S.
in 2020.
With the 2016 investment tax credit expiring, EIA expects the U.
S.
to add 25.
9 GW(DC)
of solar next year.
Government agencies are also expecting a net negative increase in fossil fuel installed capacity this year, which has happened
every year since U.
S.
fossils peaked in 2006.
In addition, wind power capacity is expected to reach 18.
5 GW
this year.
New solar peaked at 11.
2 gigawatts (AC) in 2016 and subsequently declined in 2017 due to the impact of investment tax credits, and the explosive growth expected in 2020 and 2021 will be greatly driven
by an annual utility-scale PV capacity jump from 5.
9 GW(AC) to 13.
4 GW(AC).
However, huge growth projections are not limited to large-scale solar projects
.
EIA believes that small-scale PV will grow from 3.
6 GW (AC) last year to just over 5 GW (AC), which will be mainly driven
by the residential market.
The utility-scale data is in line with a year-old report by S&P Global Market Intelligence, which hinted at the possibility of deploying more than 12 gigawatts (AC) of utility-scale solar
this year.
Add to that a recent Mac Mackenzie Renewable Energy & Power report showing that the number of energy storage deployments could triple from last year to now, more than doubling from 2020 to next year, and it's clear that the clean energy industry is growing
.
