Oil companies are collapsing, but wind and solar energy keep growing

by Ivan Penn, The New York Times

Highlights

Renewable energy sources, such as wind and solar, may comprise 21% of the electricity in the U.S., up from about 18% in 2019
Solar and wind are producing electricity at a cost-competitive rate in the U.S. and throughout the globe compared to natural gas and coal due to government mandates to address the climate crisis
The pandemic has been hard on smaller solar companies who are seeing declines in rooftop installations
Energy research firm Wood Mackenzie estimates that solar and wind power will continue adding capacity throughout the year
Renewable energy has become more financially attractive as developers can build wind and solar farms more quickly than gas and coal plants

Fossil fuel divestment and the transition to 100% clean energy is critical to achieving The Climate Center’s goals under the Climate-Safe California Platform.

Author
Recent Posts

Nina Turner

Nina is a graduate of the Energy Management and Design program at Sonoma State University. She has experience in non-profits that specialize in sustainability and volunteerism. Nina is currently the Energy Program Coordinator and produces the bi-weekly Clean Power Exchange newsletter.