Clarification: We're talking about our #electricity forecasts here.
We estimate the U.S. electric power sector will have 65 GW of utility-scale #solar-generating capacity by June 1, 2022--a 31% increase since June 2021.
Almost one-third of this new #solarenergy capacity will be built in the Texas #electricity market.
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.