Home > Commodities > New solar plants to power majority of US electricity generation growth, EIA says

New solar plants to power majority of US electricity generation growth, EIA says

2025/01/25 19

(Reuters) – The U.S. Energy Information Agency expects growth in U.S. power generation over the next two years to be mostly driven by new solar plants, it said on Friday.

The EIA said in a note that U.S. utilities and independent power producers are expected to add 26 gigawatts (GW) of solar capacity in 2025 and another 22 GW through 2026.

© Reuters. FILE PHOTO: A solar field is seen on site at First Solar in Perrysburg, Ohio July 8, 2022.  Picture taken with drone. REUTERS/Megan Jelinger/File Photo

In 2024, the electric power sector added a record 37 GW of solar power capacity, almost double the 2023 additions.

The agency forecasts that U.S. coal retirements will accelerate, removing 6% (11 GW) of coal generating capacity from the U.S. electricity sector in 2025 and another 2% (4 GW) in 2026.

About Cryptoopia

Cryptoopia is a global financial website that provides content on stock markets, cryptocurrencies, commodity investments, foreign exchange, and economics. Our motto is “One platform, global access”, meaning that our platform is accessible to everyone around the world. No matter where you are, you can access information and investment opportunities in the global financial markets through our platform. We are committed to providing convenient and comprehensive financial services to global investors, making your investment journey smoother and more accessible.