Solar and Wind Growth in U.S. Power Plants

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Solar & Wind Growth in U.S. Power Plants | F.E. Moran Special Hazard Systems

In the United States, new power plants being built are most likely to be renewable energy, according to a report from the U.S. Department of Energy.  Wind and solar accounted for nearly two-thirds of all new electric power plant built in 2015.  The trend is expected to continue through 2016.

Right now, it's primarily a wind and solar market," said U.S. Energy Information Analyst Chris Namovicz.  Renewables like wind and solar have been thriving because of tax credits.  Although, wind is competitive with or without tax credits compared to other fossil fuels.

The addition of renewable energy is essential to uphold the Paris Climate Agreement, which aims to keep global warming to 2 degrees above pre-industrial levels.

Read the full story here. 

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