An extended crisis in the US coal industry and ecological concerns surrounding energy generation are important contributors to the phenomenal growth in solar power generation capacity in the US during the last decade. Net solar electricity generation has increased by 7,135 percent, from about 508,000 MWh in 2006 to 36.8 million MWh in 2016.
Today, the combined net electricity generation capacity of the country’s 2,000 solar power plants is just 2 percent of the national total, and just 1 percent of the United State's total electricity generation. So, what do energy authorities expect from this industry going forward?
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Source: BP Statistical Review of World Energy June 2015
Renewable energy resources have increasingly become mainstream sources of energy worldwide, catapulted by new capacity in developing countries. Depending on the source, renewable energy has or is poised to surpass coal to become the world's largest source of electrical power capacity. The International Energy Agency (IEA) in its most recent medium-term renewable market report said that this transition occurred last year, while according to the latest energy outlook by the US Energy Information Administration (EIA) the transition will be completed in 2016.The IEA report shows that in 2015 renewables contributed more than half of the growth of...
Shale plays continue to hold a significant place in the world’s energy future. URTeC is the only event that brings the entire ascent team together under one roof to connect on all things unconventional.Anchored by the Society of Petroleum Engineers (SPE), the American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG), plus eight of the world’s leading professional organizations, it remains the most vibrant and vital event that every upstream energy professional should attend because its collaborative platform and innovation exchange sustains and propels the industry’s ongoing success. With 2,500+...
Natural Gas | Oil | Coal | Renewables Source: BP Energy Outlook 2035, February 2015