Energy

Solar should be nearly half of electricity supply by 2050

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Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden walks past solar panels while touring the Plymouth Area Renewable Energy Initiative in Plymouth, New Hampshire, U.S., June 4, 2019.

Brian Snyder | Reuters

The White House on Wednesday outlined a plan for solar energy to supply nearly half of the nation’s electricity by 2050. The ambitious outline would see solar rising from 3% of generation in 2020 to 40% by 2035 before ultimately hitting 45% by 2050.

Heavy spending across industries will be required to meet that blueprint. U.S. solar installations hit a record high in 2020, but yearly solar capacity additions will need to double annually through 2025, before…



Source cnbc.com

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