The average construction cost for #solar#photovoltaic generators is higher than #wind and #naturalgas generators on a dollar-per-kilowatt basis, although the gap is narrowing as the cost of solar falls rapidly. go.usa.gov/xGNkv
Total U.S. #windenergy capacity additions increased 18% from 2017 to 2018 as the average construction cost for wind turbines dropped 16% to $1,382 per kW. go.usa.gov/xGNkv
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Our March Short-Term Energy Outlook analyzes current market conditions and forecasts energy supply, consumption, prices, and other trends over the short-term. go.usa.gov/xzK2P
Energy sector forecasting has been more uncertain than normal recently, as a result of the pandemic.
The uncertainty has grown even more following Russia's further invasion of Ukraine.
We believe it is more important to understand all the factors generating the uncertainty around our March STEO forecasts than it is to understand the forecasts themselves.