Renewables Beat Natural Gas, Provide Half of New US Generating Capacity in 2014
This is great news and a great day to celebrate the success of clean energy.
WASHINGTON, D.C. -- Ending a year-long race that had been nip-and tuck every month, renewable energy sources cumulatively provided more new electric generating capacity in 2014 than did natural gas.
According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's (FERC) Office of Energy Projects, renewable energy sources (i.e., biomass, geothermal, hydroelectric, solar, wind) provided nearly half (49.81 percent - 7,663 MW) of new electrical generation brought into service during 2014 while natural gas accounted for 48.65 percent (7,485 MW).
By comparison, in 2013, natural gas accounted for 46.44 percent (7,378 MW) of new electrical generating capacity while renewables accounted for 43.03 percent (6,837 MW). New renewable energy capacity in 2014 is 12.08 percent more than that added in 2013.
New wind energy facilities accounted for over a quarter (26.52 percent) of added capacity (4,080 MW) in 2014 while solar power provided 20.40 percent (3,139 MW). Other renewables — biomass (254 MW), hydropower (158 MW), and geothermal (32 MW) — accounted for an additional 2.89 percent.
For the year, just a single coal facility (106 MW) came on-line; nuclear power expanded by a mere 71MW due to a plant upgrade; and only 15 small "units" of oil, totaling 47 MW, were added.
Thus, new capacity from renewable energy sources in 2014 is 34 times that from coal, nuclear and oil combined — or 72 times that from coal, 108 times that from nuclear, and 163 times that from oil.
Renewable energy sources now account for 16.63 percent of total installed operating generating capacity in the U.S.: water - 8.42 percent, wind - 5.54 percent, biomass - 1.38 percent, solar - 0.96 percent, and geothermal steam - 0.33 percent. Renewable energy capacity is now greater than that of nuclear (9.14 percent) and oil (3.94 percent) combined.
Note that generating capacity is not the same as actual generation. Generation per MW of capacity (i.e., capacity factor) for renewables is often lower than that for fossil fuels and nuclear power. According to the most recent data (i.e., as of November 2014) provided by the U.S. Energy Information Administration, actual net electrical generation from renewable energy sources now totals a bit more than 13.1 percent of total U.S. electrical production; however, this figure almost certainly understates renewables' actual contribution significantly because EIA does not fully account for all electricity generated by distributed renewable energy sources (e.g., rooftop solar).
Can there any longer be doubt about the emerging trends in new U.S. electrical capacity? Coal, oil, and nuclear have become historical relics and it is now a race between renewable sources and natural gas with renewables taking the lead.