All New Electric Capacity Added in January From Renewable Energy

Tuesday, February 26, 2013 @ 01:02 PM
posted by Admin

The Federal Energy Regulatory Commission (FERC) has reported that all electric capacity added in the month of January was attributed to renewable energy. FERC is the independent government entity that regulates, monitors, and investigates interstate transmission of electricity, natural gas, and oil as well as other energy-related matters.

A total of 1,231 megawatts (MW) of new electric capacity was added last month. Most of the new capacity came from new wind power (968 MW), followed by solar (267 MW) and biomass (6 MW). This is a striking difference from the numbers from just one year ago. In January of last year, 1,693 MW were added: 808 MW from coal, 445 MW from natural gas, and a slim 276 MW from renewable energy.

In related news, last week, the Commerce Department’s Renewable Energy and Energy Efficiency Advisory Committee appointed an additional 37 private-sector members from trade associations, private firms, and nonprofit organizations from a variety of energy industries. The purpose of adding the new members is to help relaunch the committee and its efforts seek new and innovative ways to strengthen renewables in the nation.

The current Presidential administration has set a goal of doubling renewable energy capacity by 2020. Renewable energy capacity doubled in the years of 2008 to 2012, partially credited to renewable energy production tax credits for homeowners and businesses. The tax credits are up for renewable, and the President is asking Congress to make these credits permanent in order to reach the 2020 goal.

 

Comments are closed.