More than 50% of US power in the next 3 years will come from solar power: FERC

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According to FERC’s January 2021 to December 2023 forecast for power capacity additions, which is based on data from ABB’s Velocity Suite and The C Three Group, slightly more than 50% of new capacity is expected to come from solar power, 27% from wind power, 17% from natural gas, not quite 4% from hydropower, and a little more than 1% from nuclear power.

Using the figures for expected net change and total installed capacity at the end of 2020, I then create a comparison of the latter with expected total installed capacity at the end of 2023.

Using 2019 capacity factors, the final chart in this article will adjust that installed capacity chart to make it relative to capacity factor.