Renewable energy is the fastest-growing energy source in the US, with a 42 percent increase between 2010 and 2020. (up 90 percent from 2000 to 2020).
In 2020, renewables accounted for about 20% of utility-scale energy generation in the United States, with hydropower (7.3%) and wind power accounting for the majority (8.4 percent).
Solar energy (including distribution) is the fastest-growing electricity source in the United States, accounting for 3.3 percent of total generation in 2020. Renewables accounted for 29% of global electricity generation in 2020, with hydropower accounting for the majority of this (16.8 percent).
In the year 2020, a total of over 256 GW of renewable energy capacity was built globally, setting a new high. In 2020, renewable ethanol and biodiesel transportation fuels accounted for over 17% of total renewable energy consumption in the United States, a reduction from previous years, owing to the COVID-19 epidemic.
According to the US Energy Information Administration (EIA), renewable energy accounted for roughly 12% of global marketed (purchased and sold) energy use in 2015. (biomass, geothermal, hydropower, solar, and wind). According to EIA forecasts, by 2040, this will have risen to 17%.
According to the EIA, renewable energy accounted for around 23% of global electricity output in 2015, with hydropower accounting for 71%. According to EIA forecasts, renewable energy sources will account for 31% of global electricity by 2040, with hydropower accounting for about half of that, while wind and solar power increase quickly in the next decades.
China is the world’s leading solar energy generator, with more than 30.1 GW of photovoltaic (PV) capacity installed in 2019. Next on the list of top solar producers are the United States, India, Japan, and Vietnam.
While China’s PV market share was 27 percent in 2019, it was much lower than China’s market share of 51 percent in 2017. China’s market supremacy is being challenged by a record number of new nations growing their PV capacity.
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