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
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
