America is to add 20 GW of solar capacity in 2021

In 2021, the United States will build solar power plants with a total capacity of more than 20 GW, Ecotown reports.

“Over the next ten years, the US wind and solar capacity will triple, even if the rate of cost reduction slows,” analysts say in a BNEF forecast. "The US expects five years of record large-scale increases in solar capacity – more than 20 GW annually."

Tax breaks for both wind and sun will allow large-scale projects to be commissioned by the end of 2025 to offer end users lower costs than in the second half of the decade.

"The increase in wind and solar capacity will grow steadily over the decade, increasing by 115 GW and 287 GW, respectively," commented Tara Narayanan, lead US solar analyst at Bloomberg NEF. Solar, in particular, will see record growth over the next four years, adding more than 25 GW annually.”

However, if the US wants to achieve carbon neutrality by 2035, it will need to at least build about 70 GW of wind and solar power plants annually starting in 2025, said Tom Rowlands Rees, head of North America research at Bloomberg NEF.

“Meanwhile, our forecast foresees an average of 43 GW per year after 2025,” he says. "While there is progress in this sector, there is still a significant gap between our prospects and the ambitions of the administration."

As reported, the American school switched to solar energy and was able to raise teachers' salaries by 30%.

Tags: renewable energy, solar energy, wind energy, electricity, USA, investments, carbon neutrality

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