Renewable energy generation in the United States has grown rapidly over the past several years, accounting for 13% of total generation in 2015. Conventional hydroelectric remains the largest single source of renewable energy, but nearly all of the recent capacity growth has come from non-hydro renewables—wind and solar especially, but also biomass, geothermal, municipal solid waste and landfill gas.
The increased deployment of renewable energy has been driven by strong policy support at both the state and federal levels, as well as dramatic cost reductions and technological improvements. These trends are likely to persist going forward, driving continued growth of renewable energy capacity and generation. Understanding the potential of renewable energy technologies, as well as their challenges, is therefore vital to accurately projecting the future of the power industry.
EVA has been tracking renewable energy development for more than two decades and is deeply familiar with multiple factors driving the rapid transformation of the industry. EVA offers a suite of services focused on renewable energy, including:
- Renewable energy capacity and generation forecast, including distributed generation
- Technology cost and performance studies
- Renewable energy project tracking database
- Economic and environmental assessments for individual wind projects
- State-by-state Renewable Energy Credit (RECs) price forecast
- Renewable energy market penetration studies
- Legislative/Regulatory policy tracking
- Project decommissioning cost estimates
- Expert testimony
If you have any questions or comments regarding EVA’s renewable energy services, please contact us at [email protected].