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Virus May Nix 39% of Projects to Build New U.S. Power Plants

  • Texas, California and Pennsylvania to be most affected
  • 4.9 gigawatts ‘canceled or indefinitely postponed’ in 2Q, 3Q
Updated on

More than a third of new U.S. electricity generation expected to come online over the next six months could hit roadblocks as the coronavirus pandemic curbs power consumption and disrupts supply chains.

About 4.9 gigawatts, or 39%, of new utility-scale capacity will be “either canceled or indefinitely postponed” from April through September, said Energy Information Administration economist Tyler Hodge. Wind, solar and natural gas projects will be affected relatively evenly. States with the largest slated additions during the period are Texas, California and Pennsylvania, he said.