According to the study by BloombergNEF, the U.S. Will acquire enough solar and wind energy resources in the coming seven years. This energy will be sufficient to power at least 100 million houses in the U.S. This reality is only possible if we avoid hurdles like grid connection. The staggering boom in renewables is due to the calls from states, businesses, investors as well as consumers. Despite this, the climate law by Joe Biden is also augmenting clean energy production in the U.S.
Moreover, inflation is just a temporary setback unless problems like grid interconnection which is to be set up by 2025. This problem may jeopardize the chance of 600 gigawatts of electricity getting online by 2030.
According to the lead solar analyst Pol Lezcano, the most compelling hurdle in the staggering boom of renewables will be the grid traffic jam.
What Does this New Renewables Project Include?
The staggering boom in renewable projects includes a vast number of developments. These include 358 gigawatts of photovoltaic panels, 137 gigawatts of wind turbines, and 111 gigawatts of power storage space. All these developments’ completion will take place between 2023 and 2030. In the same way, the statistics from BloombergNEF provide an eye-opening picture. According to BNEF, the evolution of wind and solar resources will be enough to produce electrical power for a hundred million American households.
Furthermore, the power production of one gigawatt by renewable resources is equal to the electrical power generation capacity of a huge nuclear reactor or natural gas-fired nuclear power plant.
Besides this, the Biden administration has set up the goal to make the American economy utterly free from carbon emissions by 2035. To make this goal into reality, a massive shift from coal and natural gas base plants to renewable energy resources is essential. For this, the need for the staggering boom in renewables is indispensable now more than ever.