Q4’21 US Power Forecast: Will high commodity prices accelerate the energy transition?

Driven by higher fossil prices, our Q4'21 forecast projects increased wind and solar capacity compared to our Q3'21 forecast. We project a substantial increase of 102 GW of wind capacity by 2035, mainly in MISO and WECC. Similarly, solar capacity is projected to increase 78 GW by 2035, with the increase evenly distributed across US markets.

Our battery storage outlook is modestly lower (6 GW). The modeled impact of higher fossil prices reduces off/on-peak arbitrage in some markets where renewables have not penetrated substantially, undercutting a small portion of new battery storage build.

Gain vital insights into our latest quarterly US power prices forecasts and key trends to expect in ERCOT and MISO.