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Renewables Surge: Solar Dominates 90% of New U.S. Capacity

2/8/2025

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Summary

Solar Energy Surge

In 2024, a remarkable shift occurred as renewable energy sources made up over 90% of new U.S. electrical generating capacity, with solar shining brightly at 81.5%. December celebrated the 16th month of solar dominance in new capacity additions. By 2028, solar is set to eclipse coal and wind, potentially driving renewables to 37.3% of total capacity.

Summary

China Dominates Solar

Chinese companies are leading the solar panel industry, manufacturing a staggering 80% of the world's panels. In 2024 alone, Trinasolar shipped an impressive 240 gigawatts globally, while U.S. production struggled at just 4 gigawatts. As Egypt targets 40 gigawatts of renewable energy, it leans heavily on Chinese technology, raising concerns about over-reliance amid soaring fossil gas prices and electricity shortages.

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Solar Energy Surge

In 2024, a remarkable shift occurred as renewable energy sources made up over 90% of new U.S. electrical generating capacity, with solar shining brightly at 81.5%. December celebrated the 16th month of solar dominance in new capacity additions. By 2028, solar is set to eclipse coal and wind, potentially driving renewables to 37.3% of total capacity.

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