EIA projects US solar power market to install 24 GW in 2020, blowing away prior records

By John Weaver, PV Magazine

The US Department of Energy’s Energy Information Administration (EIA) is projecting that 13.4 GWac of utility scale solar power, and 5.1 GWac of small solar power will be installed in the U.S. in 2020 — a 95% increase over 2019. The massive growth projected isn’t limited to just utility-scale. The EIA projections see small-scale solar growing from 3.6 GWac deployed in 2019 by 38% to just over 5 GWac installed. This growth is mostly driven by the residential market, but also by the commercial market, which is expected to grow again after contracting in 2019. Read more here.

Wind + solar expected to add 61 GW over next two years: EIA, by Catherine Morehouse, Utility Dive

How Much Power is 1 Gigawatt?, U.S. Department of Energy

SUSTAINABLE INVESTING

BlackRock Sends Huge Warning Shot at Companies Ignoring Climate Risk, Greentech Media
In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. BlackRock CEO Larry Fink said in an open letter that his company will end support for thermal coal, screen fossil fuel investments more closely, and redesign its own investment approach to put sustainability at its core. 

BlackRock joins Climate Action 100+ to ensure largest corporate emitters act on climate crisis, Climate Action 100+ News Release. With the addition of the world’s largest asset manager, with more than $6.8 trillion USD in assets under management, Climate Action 100+ continues to grow in size and influence. BlackRock joins more than 370 global investors already participating in the initiative. The addition of funds it manages, brings total assets under management represented by investors participating in Climate Action 100+ to more than $41 trillion.

TRIBAL SOLAR

Tribal Leaders Hope Large South Dakota Solar Project Becomes Model for Others, Native News Online
On the western edge of the Pine Ridge Reservation in South Dakota, tribal officials hope a major solar energy project will help tap into the vast potential of renewable energy projects on tribal land across the U.S. The planned Lookout Solar Park project — which could exceed $200 million and add up to 140 megawatts to the state’s paltry solar energy portfolio — would be the largest of its kind in the state.

Previously Posted: Nebraska tribe becomes a solar power leader on the Plainsby Karen Uhlenhuth, Energy News Network

TRI-STATE

Westminster-based utility Tri-State says it will be 50% renewable by 2024, Denver Post
Calling it transformative, Tri-State Generation and Transmission Association released a plan Wednesday to boost its renewable energy sources to 50% by 2024 and cut greenhouse-gas emissions by 90% by 2030 from Colorado facilities it owns or operates. The announcement of the utility’s “Responsible Energy Plan” follows news last week that it will close its coal plants and a coal mine in New Mexico and Colorado earlier than anticipated.

Tri-State Association members are located in four states: Colorado, Wyoming, New Mexico, and Nebraska.

SOLAR FAQ

How Well Do Solar Panels Work In The Snow?, WCCO / CBS Minnesota
According to Dan Thiede with the UMN Extension’s Regional Sustainable Development Partnerships, panels can produce a little power with a light coating of snow because some light is able to come through. But, when the snow is thick and heavy, the panels cannot produce. Once the snow is removed, they will produce again

WILDLIFE & WIND ENERGY

Migratory birds and wind energy: Looking at reality, by Michael Speerschneider, Into the Wind, AWEA Blog. Last week, several House lawmakers introduced a bill that would reform the Migratory Bird Treaty Act (MBTA). The ensuing debate sure to arise provides an excellent opportunity to lay some facts on the table about wind energy’s wholistic impact on birds.

EV INDUSTRY NEWS