Rising Renewables to See the US Cut Back on Conventional Power in 2023-24
Solar capacity to expand by 84% in 2024 from the current level of 74 GW
January 20, 2023
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The Energy Information Administration (EIA) has forecasted an increase in U.S. power generation from new renewable sources, primarily wind and solar, which would cut down on generation from coal-fired and natural gas-fired power plants in 2023 and 2024.