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As utility solar costs drop 82%, US renewable leaders target majority generation share by 2030

June 3, 2020

As renewable energy sources become cheaper than any new electricity capacity based on fossil fuels, four industry association leaders plan to expand market share over the next 10 years.

“We’re talking about a radical market transformation,” Abigail Ross Hopper, President & CEO of the Solar Energy Industries Association (SEIA) said during a June 2 virtual panel discussion.

However, the renewable power industries can expect to encounter political and regulatory resistance, Hopper said, as they begin “taking other people’s market share.”

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