Based on current deployment rates, it is likely that solar will surpass wind as the third-largest source of electricity. And solar may soon topple coal in the number two spot.
Looking ahead, through July 2028, FERC expects no new coal capacity to come online based on its “high probability additions” forecast. Meanwhile 63 coal plants are expected to be retired, subtracting 25 GW from the 198 GW total, and landing at about 173 GW of coal capacity by 2028. Meanwhile, FERC forecasts 92.6 GW of “high probability additions” solar will come online through July 2028.
It’s not actually cheap though, that’s the problem. Basically every country that is pushing “renewables” are having their power bills increase over and over and over with no sign of slowing down because it’s not cheap.
No one wants to build them without giant subsidies and guaranteed returns. Why do you think that is?
Solar panels crom China made it a lot cheaper than it used to be. There are also other major advatnages, such as increased independence. You just buy a bunch of solar panels and now you can indenepdently generate energy for the next 30 years.