Información sectorial

Clean Energy Is Canceling Gas Plants

While COVID-19 has disrupted many aspects of the economy and daily life in 2020, the trend toward clean electricity is still going strong. Renewable energy and storage technology costs continue to fall, with expanding adoption by utilities and other investors, while new gas-fired power plants face ever-stronger financial headwinds.

Data from competitive markets is beginning to reflect this emerging reality. As of mid-2020, power plant projects planned for construction in two of the most competitive US electricity markets (ERCOT in Texas and PJM in the Northeast) have shown a remarkable shift from gas to clean energy. Gas generation is now attracting only a small fraction of investor interest compared to clean energy and will soon likely see its market share decline accordingly.