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EIA: Renewable energy capacity to climb sharply in next two years, while coal declines continue

first_img FacebookTwitterLinkedInEmailPrint分享CNN:The boom in solar and wind power in the United States will deal a fresh blow to coal country in the next few years.Renewable energy, led by solar and wind, is projected to be the fastest-growing source of US electricity generation for at least the next two years, according to a report published Friday by the US Energy Department.Boosted by swiftly falling prices, utility-scale solar power is expected to increase by 10% in 2019 and 17% in 2020, the Energy Information Administration said. Wind power should grow 12% and 14% in those years, vaulting it ahead of hydropower for the first time.Coal, long the king of the power industry, continues to rapidly decline. The share of total power generation from coal-fired power plants tumbled to 28% last year, compared with 45% in 2010, according to the EIA. Coal’s market share is expected to decline to 24% by 2020. US coal consumption declined by an estimated 4% in 2018 to the lowest level since 1979.“Coal is just an expensive technology that can no longer compete,” said Kingsmill Bond, new energy strategist at Carbon Tracker, a think tank that examines the relationship between energy and financial markets.Natural gas’ share of the US power market is expected to increase from 35% in 2018 to 37% by 2020, according to the EIA. Renewables other than hydropower are projected to grow from 10% in 2018 to 13% in 2020.More: Solar and wind are booming, while coal keeps shrinking EIA: Renewable energy capacity to climb sharply in next two years, while coal declines continuelast_img read more