Solar Solidifies Its Role as the Leading Renewable
Solar energy capacity has made huge gains over the past two decades. The IEA forecast indicates that it will keep making those gains and have more than double the capacity of the next leading renewable over the course of the next five years globally. This projected solar dominance comes despite recent increases in solar energy prices brought on by the supply chain crunch.
Solar is expected to see 181 gigawatts of capacity growth between 2021 and 2026. For a point of reference, the 109 gigawatts of solar capacity in the U.S. can power 18.9 million homes, according to industry data. Wind, the next highest renewable, for comparison is expected to see 89 gigawatts of capacity growth during that same time period.
