Photovoltaic power generation and wind power industry analysis chart

Will solar and wind energy lead the growth in US power generation?

Solar and wind energy will lead the growth in U.S. power generation for at least the next two years, according to EIA estimates. This report uses data from the EIA to analyze solar and wind capacity and generation over the past decade (2014 to 2023) in all 50 states and the District of Columbia.

Where do solar and wind power data come from?

All national and state-level data come from the U.S. Energy Information Administration (EIA). Utility-scale solar and wind summer capacity values for 2014-2022 are as reported in EIA’s Historical State Data for each year.

What percentage of India's electricity comes from wind and solar?

India met 7.7% of its load with VRE generation between 2017 and 2018 and was on track to reach 9% by 2019. In the United States 7.6% of its electricity came from wind and solar in 2017 (IRENA, IEA, REN21, 2018).

How much electricity is produced from solar and wind power?

The analysis shows that the amount of electricity produced from solar and wind power increased across the U.S. Our nation generated 238,121 gigawatt-hours (GWh) of electricity from solar in 2023 — more than eight times the amount generated a decade earlier in 2014.

Is solar PV a competitive source of new power generation capacity?

Solar PV is emerging as one of the most competitive sources of new power generation capacity after a decade of dramatic cost declines. A decline of 74% in total installed costs was observed between 2010 and 2018 (Figure 10).

How has the growth in PV markets impacted the power industry?

The exponential growth seen in PV markets has led to the development of large-scale power plants, which has increased demands for better tools for inspection and monitoring.