Large-Scale U.S. Solar Growth to Top Wind for First Time in 2022

Growth in large-scale U.S. solar capacity is projected to exceed that of wind next year for the first time.

That’s according to a report Wednesday from the U.S. Energy Information Administration. Solar’s surge comes as the country boosts its dependence on renewable power. The EIA’s short-term energy outlook estimates that wind and solar capacity will reach 15% of U.S. generation by 2022 from 11% last year.

Large-Scale U.S. Solar Growth to Top Wind for First Time in 2022

The EIA forecasts 17 gigawatts of solar capacity in the electric power sector will be added in 2022, compared with 6 gigawatts for wind. It attributed the slowing growth in wind capacity to the scheduled expiration of the federal production tax credit.

Earlier this year, BloombergNEF projected 204 gigawatts of utility-scale solar installations and 83 gigawatts of small-scale photovoltaic additions across the U.S. between 2021 and 2030. It also forecast the country will add 115 gigawatts of wind power over that period.

©2021 Bloomberg L.P.

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