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Wednesday, December 20, 2006

US Renewables Can Reach 700 gigawatts (GW)

The U.S. renewable energy industry collectively tallied its future deliverable energy capacity at 550 to 700 gigawatts (GW) in Washington, DC yesterday. At such a GW-production rate, the U.S. could produce, at a minimum, 25% of the country's electrical energy requirement with renewable energy by 2025.
According to Michael Eckhart, American Council on Renewable Energy (ACORE) president whose organization hosted the 5th annual national policy conference "Renewable Energy in America: Phase II Market Forecasts and Policy Requirements" in DC Nov. 30, this is the first time a panel of renewable energy experts has assembled such a combined production capacity forecast.
"The industry panel identified 550GW - 700GW of renewable energy potential that can be built within the next 10-20 years -- even at a 50% discount -- this makes the "25X25" proposal feasible, reasonable, and doable," added Eckhart. The 25X25 is a popularly touted policy goal of 25% renewable production by 2025, yet the estimate coming from the conference could potentially double that production.

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