Utilities are now decisively showing that portfolios of renewable energy, storage, and efficiency provide better performance than gas and coal plants at a lower cost in many parts of the country. In the first two weeks of 2020 alone, we’ve seen the 300th coal plant retirement since 2010 with SWEPCO’s announcement it will close Louisiana’s 721-megawatt Dolet Hills Power Plant by 2026, followed by the announcement that Tri-State will retire 1,684 megawatts total capacity in Colorado’s Craig plant in Colorado and New Mexico’s Escalante plant, bringing us to 302 coal plants slated to retire.įracked gas’ future in the power sector will be called into question in 2020, as gas is increasingly recognized as a climate menace and faces tremendous pressure from experienced campaigners. coal plant retirements, on the heels of 2019 – the second biggest year ever for retirements – when coal generation fell 18% year-on-year to its lowest level since 1975. We project 2020 will be another record year for U.S. coal plant retirements since 2010 Beyond Coal CampaignĢ020 will solidify the end of the United States’ coal era, and will mark the beginning of the end of the power sector’s rush to build new natural gas as we start seeing significant defeats of the 120 GW of new gas plants currently proposed nationwide. To accommodate accelerated renewable growth, we need smart policies that promote advanced technologies like energy storage, incentivize an expanded and modernized transmission system, and encourage deployment of pollution-free renewable power.Īnnounced U.S. Our most immediate challenge is the nation’s antiquated electrical grid. The $57 billion invested in year one of the campaign was a credible start. In fact, booming growth on that scale would be cause for celebration under other circumstances. But we need to nearly double that rate of growth to meet our 2030 target. within striking distance of Paris Climate targets. Achieving the $1T 2030 objective would keep the U.S. private sector i nvestment in renewable energy and enabling grid technologies between 2018-2030. The 2020s will be the decisive decade for efforts to address climate change, and we need to start it off right by turning climate conversation into climate action this year.Īt the American Council on Renewable Energy (ACORE), we measure our progress through the lens of $1T 2030: The American Renewable Investment Goal, a campaign to promote $1 trillion in U.S. Private sector investment meets federal clean energy incentives Abigail Ross Hopper, President and CEO, Solar Energy Industries Association But getting the policies right could make the difference between a thriving clean energy economy, and one that falls short of critical economic and environmental goals. Thanks to cost reductions, the solar industry is poised for a very strong 2020, maybe even historically strong.
It will lift up women and people of all backgrounds, abilities, and income levels. Large-scale projects, community solar and distributed generation all are critical pieces of the clean energy economy going forward.Īnd if done right, our work will be felt in communities that need it most. These markets should provide robust opportunities for all forms of solar generation. have renewable portfolio standards, of which 22 have a specific solar carveout. State policies that strengthen local markets and ensure competition are critical, and momentum is building for them: 38 states and D.C. Federal tax policy must put solar on a level playing field with other fuels and trade laws must spur domestic growth.
SEIA will push for stronger leadership from Congress and the White House to create pro-solar policies and end harmful solar tariffs.
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