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The US wind industry’s 5-year outlook is now a total roller-coaster

US wind 5-year outlook

The US wind industry installed just 5.2 gigawatts (GW) in 2024 – the lowest level in a decade, according to Wood Mackenzie’s new US Wind Energy Monitor report. Installations are expected to rebound in 2025, but the real concern lies in US wind’s sharply downgraded 5-year outlook. As for the reason behind that bleak forecast, we’ll give you one guess as to why, and it starts with a T.

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EVs power up, oil demand growth slows: 2024’s rapid global energy shift – IEA

Rivian lay off

Global energy demand spiked in 2024, driven largely by surging electricity use, according to a new report released today by the International Energy Agency (IEA). Electricity consumption jumped by nearly 1,100 terawatt-hours – a hefty 4.3% increase – nearly twice the annual average growth of the past decade.

This dramatic rise was largely fueled by the electrification of transportation, record-breaking global temperatures that ramped up cooling needs, coupled with increased industrial activity, and growing energy demand from data centers and AI applications.

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FERC: Solar + wind set for a strong 3-year run despite Trump’s sabotage

FERC solar wind

By February 1, 2028, renewables would account for 37.4% of total available installed utility-scale generating capacity – just behind natural gas (40.2%) – with solar and wind making up more than 75% of the installed renewable energy capacity, according to data just released by the Federal Energy Regulatory Commission (FERC).

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Offshore wind roars back in 2025 with 19 GW of additions and China in the lead

GE Vernova Nantucket offshore wind 2025

Global offshore wind is gearing up for a comeback in 2025, with new capacity additions expected to hit 19 gigawatts (GW) and spending projected to soar to $80 billion, according to Oslo-based independent energy research firm Rystad Energy. That’s a big rebound after a sluggish end to 2024 when new installations dropped to around 8 GW – 2 GW lower than in 2023.

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Republican districts lose billions as clean energy cancellations surge

FREYR battery factory Georgia

Clean energy investments took a serious hit in January, sinking to their lowest point since the Inflation Reduction Act (IRA) supercharged the industry with tax credits and incentives. Growing uncertainty around the future of these policies – especially with the Republican-majority Congress debating potential rollbacks – has led to a sharp drop in new projects and an increase in cancellations, reports E2.

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Renewables provided 90% of new US capacity in 2024 – FERC

renewables coal global solar

Renewable energy – solar, wind, geothermal, hydropower, biomass – accounted for more than 90% of total US electrical generating capacity added in 2024, according to data released yesterday by the Federal Energy Regulatory Commission (FERC) and reviewed by the SUN DAY campaign.

Solar alone accounted for over 81% of the new capacity. Moreover, December was the 16th month in a row in which solar was the largest source of new capacity.

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No other energy source came close to matching solar’s rate of growth in 2024 – in numbers

West Virginia solar 2024

Solar generation for the first 11 months of 2024 increased by over 26%, while new solar generating capacity added in November was the second-highest monthly total ever reported, according to new data released by the Federal Energy Regulatory Commission (FERC) and the US Energy Information Administration (EIA).

New solar capacity easily surpassed all other energy sources during the first 11 months of 2024, followed by wind, according to the SUN DAY Campaign, which reviewed the data.

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Solar overtakes coal in the EU, and gas declines for 5th year running

EU largest solar farm

Solar generated 11% of EU electricity in 2024, overtaking coal which fell below 10% for the first time, according to the European Electricity Review published today by think tank Ember.

EU gas generation declined for the fifth year in a row, and total fossil generation fell to a historic low.

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