Renewable energy generation is expected to grow 9 percent in 2016, according to the U.S. Energy Information Administration.
The EIA‘s latest Short-Term Energy Outlook attributes much of that growth to new wind and solar installations and an increase in hydroelectric generation; however, the federal tax credit extensions aren’t expected to have much of an effect on the year’s renewable capacity because most projects entering service in 2015 were being developed prior to the extensions.
According to the report, utility-scale renewables are expected to account for 14 percent of 2016’s total power generation, with wind power contributing 5.2 percent and solar 0.8 percent.
The EIA posits wind and solar facilities are expected to make up two-thirds of all capacity additions in 2016.
The EIA doesn’t foresee much of a change in biomass generation but forecasts a 4-percent increase in geothermal generation and a 5 percent increase in hydropower generation, thanks to precipitation from El Nino.