US Power Producers to Boost Capacity by 80% Through 2035
- Wind and solar are expected to climb by almost 1 terawatt
- State mandates will drive up battery storage installations
Solar is expected to surge in part because it’s inexpensive and faces fewer hurdles than wind from permitting.
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The US is expected to boost total generating capacity by 80% through 2035, driven largely by almost 1 terawatt of new solar and wind, according to BloombergNEF.
Developers will add 737 gigawatts of solar panels by the middle of the next decade, more than four times the total installed capacity at the end of 2023, BNEF said in a report Thursday. Almost 200 gigawatts of wind power will be installed, more than doubling the nation’s turbine capacity.