US to add 36.4GW of new solar generation capacity in 2024, 58% of all capacity additions
February 19, 2024
US power developers expect to add 36.4GW of new solar generation capacity in 2024, which would account for 58% of all new capacity additions in the US power sector, according to the US Energy Information Administration (EIA).
The latest edition of the EIA’s ‘Preliminary Monthly Electric Generator Inventory’, published in January and covering installation figures for the entirety of 2023, notes that the US is on track to install significantly more electricity generating capacity in 2024 than in 2023. The EIA expects the US to add 62.8GW of new capacity, a 55% increase over the 40.4GW added in 2023, and solar and battery storage projects are expected to account for 81% of this new capacity.
