50% of renewables needed for decarbonization is in interconnection queues
- May 25, 2021 2:25 pm GMT
I hope that you’ve seen the new LBNL “Queued Up: Characteristics of Power Plants Seeking Transmission Interconnection As of the End of 2020” report. The topline finding is incredible: more than half (671 GW) of the estimated 1,100 GW of wind and solar capacity needed to approach a zero-carbon electricity target is in interconnection queues.
Based on historical data, more than 80% of these renewables projects won’t get built - and some are only there so that the developers keep their options open. But, those that make it through will wait years, even though most have a target online-date by 2023.
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