Renewables projects see huge growth in October alone
According to research from the Federal Energy Regulatory Commission Office of Energy Projects, renewable energy sources made up 41.14 percent of new generating capacity in October 2012 alone; renewables made up 46.22 percent the first 10 months of 2012.
Accounting for the boom in October, 10 new wind power projects (594 MW) came online as well as three biomass projects (69 MW), 10 solar projects (59 MW), and one hydro project (5 MW).
During the first 10 months of 2012, 92 wind projects (5,403 MW), 167 solar projects (1,032 MW), 79 biomass projects (409 MW), seven geothermal projects (123 MW), and nine hydro projects (12 MW) came online.
Comparing the first nine months of 2012 to the same timeframe in 2011, coal use dropped by 16.3 percent, nuclear by 1.1 percent, petroleum liquids by 20.3 percent, petroleum coke by 35.5 percent and hydro 14.5 percent. Only natural gas showed an increase -- 26.1 percent.
"The continued strong growth by renewable energy sources for electrical power generation over the past four or five years vindicates the investments made in these technologies," said Ken Bossong, executive director of the SUN DAY Campaign, a non-profit research and educational organization that promotes sustainable energy technologies. "Moreover, their rapid expansion underscores their near-term viability for ultimately phasing out both fossil fuels and nuclear power."
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