Onyx Power and Gas Consulting continues a weekly series providing the Short Term Energy Outlook as of May 9, 2017. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come back each week for additional information on how all sorts of energy sources impact our daily lives.
Renewables and Carbon Dioxide Emissions
- Wind energy capacity at the end of 2016 was 81 gigawatts (GW). EIA expects wind capacity additions in the forecast will bring total wind capacity to 102 GW by the end of 2018.
- Total utility-scale solar generation capacity is forecast to increase by 48% from 21 GW at the end of 2016 to 32 GW at the end of 2018. Utility-scale solar electricity generation is forecast to account for more than 1% of total utility-scale electricity generation in 2018.
- After declining by 1.7% in 2016, energy-related carbon dioxide (CO2) emissions are projected to decrease by 0.7% in 2017 and then increase by 2.3% in 2018. Energy-related CO2 emissions are sensitive to changes in weather, economic growth, and energy prices.
The professional consultants at Onyx Power & Gas Consulting are always ahead of the current issues that may affect energy consumption and pricing. Now is the time to partner with an Onyx professional consultant to discuss energy management and secure energy prices based on today’s stable pricing. Volatility in the energy markets makes it too precarious to take chances. Partner with Onyx Power & Gas in Making Energy Make a Difference!