State-level Renewable Portfolio Standards (RPS) and voluntary green power markets are generating demand for renewable energy in the U.S., which could create significant near-term shortages of renewable energy, according to a new report from the National Renewable Energy Laboratory (NREL).
The NREL report compares the pace of renewable energy development with the demand from procurement obligations of the 26 RPS programs as well as the voluntary green power markets in the U.S. through 2010.
Under a “base-case” scenario, generators will fall short by 28 million Mwh of renewable electricity by 2010. Under a “high-case” scenario, generators will fall short by about 8 million Mwh of renewable electricity by that date. According to the report, market demands are already beginning to outpace installed capacity.