Search Results for: capacity costs

Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2023

Wind, Solar, & Batteries Increasingly Account for More New U.S. Power Capacity Additions

Wind, solar, and battery storage are growing as a share of new electric-generating capacity each year. In 2023, these three technologies account for 82% of the new, utility-scale generating capacity that developers plan to bring online in the United States, according to our Preliminary Monthly Electric Generator Inventory. Utility-scale solar … [continued]

Average US Construction Costs Drop for Solar, Rise for Wind & Natural Gas Generators

Construction costs for solar photovoltaic systems continued to decrease in the United States in 2020; the capacity-weighted average fell 8% compared with 2019, according to the latest data in our Annual Electric Generator Report on newly constructed utility-scale electric generators. By contrast, average construction costs for both wind turbines and natural gas-fired … [continued]