Staggering Boom in Renewables Seen in US by 2030, BNEF Predicts
- Projects could create enough energy to power 100 million homes
- Challenges connecting to grids seen as risk to development
This article is for subscribers only.
The US will add enough solar and wind energy over the next seven years to power more than 100 million homes if challenges connecting projects to electric grids don’t get in the way, according to a forecast from research provider BloombergNEF.
President Joe Biden’s landmark climate law is boosting clean energy along with strong demand from states, businesses, investors and consumers. Inflation is a short-term headwind, however, and if interconnection problems don’t improve by 2025 they could threaten the chance of 600 gigawatts of energy expected to come online by 2030. “The biggest constraint will be grid bottlenecks,” said Pol Lezcano, BloombergNEF’s lead US solar analyst.