Biden has set ambitious solar targets
US solar targets a ‘challenge’ – Wood Mackenzie
Industry faces headwinds including supply chain tariffs and rising commodity prices
The Biden administration's plan to produce up to 45pc of US electricity from solar power by 2050 is a “stiff challenge” for the domestic solar industry, according to Michelle Davis, principal analyst on consultancy Wood Mackenzie’s solar team. Solar currently contributes c.4pc to US grid supply. The 45pc goal was released in the US Department of Energy’s (DoE) Solar Futures Study report in September using modelling by the National Renewable Energy Laboratory (NREL). Biden has set a goal of achieving a net-zero power sector by 2035. “We certainly agree with NREL’s study that capacity additions need to double and then quadruple in the next decade to meet these clean energy targets,” says Davi
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
