Based on current deployment rates, it is likely that solar will surpass wind as the third-largest source of electricity. And solar may soon topple coal in the number two spot.
Looking ahead, through July 2028, FERC expects no new coal capacity to come online based on its “high probability additions” forecast. Meanwhile 63 coal plants are expected to be retired, subtracting 25 GW from the 198 GW total, and landing at about 173 GW of coal capacity by 2028. Meanwhile, FERC forecasts 92.6 GW of “high probability additions” solar will come online through July 2028.
Just no
Some reading for you, which I hope you’ll read:
https://www.cis.org.au/publication/the-renewable-energy-honeymoon-starting-is-easy-the-rest-is-hard/
https://x.com/jnampijinpa/status/1973660876793368808
Since I doubt you or anyone else will, I’ll take some bits from it:
As you can see, as wind + solar generation share goes up, retail electricity prices go up. They never go down. They never even stay the same.
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Big surprise, running 50 year old plants lead to lower bills than new infrastructure. Now do new coal plants.
I’m not going to read propaganda from an Australian right wing think tank, you’re right.
I can’t speak for every country, unlike you, but in Southern Europe the trend is exactly the opposite of what you’re saying. https://www.bbvaresearch.com/en/publicaciones/spain-more-renewables-to-continue-lowering-costs/