EIA: Ethanol, Biodiesel, Renewables to Grow in 2015

John Davis

The latest government numbers show the amount of ethanol and biodiesel, as well as energy produced from wind and solar will increase in 2015. The latest Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA) shows growth for the biofuels, while total renewables used for electricity and heat generation will grow by 3.8 percent this year.
Ethanol production averaged 933,000 bbl/d in 2014, and EIA expects it to average 938,000 bbl/d in 2015 and 936,000 bbl/d in 2016. Biodiesel production averaged an estimated 80,000 bbl/d in 2014 and is forecast to average 84,000 bbl/d in both 2015 and 2016.

In 2013, the electricity generation shares were 6.6% and 6.2% from hydropower and nonhydropower renewables, respectively. Wind is the largest source of nonhydropower renewable generation, and it is projected to contribute 5.2% of total electricity generation in 2016. Wind capacity, which grew by 7.7% in 2014, is forecast to increase by 16.1% in 2015 and by another 6.5% in 2016. Because wind is starting from a much larger base than solar, even though the growth rate is lower, the absolute amount of the increase in capacity is more than twice that of solar: 15 GW of wind versus 6 GW of utility-scale solar between 2014 and 2016.

EIA expects continued growth in utility-scale solar power generation, which is projected to average almost 80 gigawatthours (GWh) per day in 2016. Despite this growth, solar power averages only 0.7% of total U.S. electricity generation in 2016.

Biodiesel, Ethanol, Ethanol News, Government, Solar, Wind