29 Apr '14, 4pm

Too Conservative? EIA Projects Renewables to be 16-27 Percent of US Electricity Supply by 2040

EIA's own published data for the 11-year period January 1, 2003 through December 31, 2013 reveal that the percentage of the nation's net electrical generation represented by renewable energy has expanded from less than 9 percent in 2004 to nearly 13 percent in 2013 — i.e., within a decade. Given the relatively consistent growth trends of the past decade or longer for most renewable energy sources and their rapidly declining costs, it seems improbable that it will require another 27 years to grow from 13 percent to 16 percent. (See the February 21, 2014 issue of EIA's "Electric Power Monthly," in particular, tables 1.1, 1.1A, ES1.A, and ES1.B.) To reach 16 percent by 2040 from 13 percent in 2013, renewables would only need to expand their current share of the electrical-generation supply by roughly 0.1 percent per year (e.g., 13.0 percent in 2013 to 13.1 percent in 2014 to ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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