EIA said that in total electric generating companies expect to add more than 20 gigawatts GW of utilityscale generating capacity to the power grid this year The additions are dominated by wind natural gas and solar David McNew / Getty Images News

EIA said that in total, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid this year. The additions are dominated by wind, natural gas, and solar.

New Power Plant Generating Capacity Shifts Toward Renewables and Natural Gas

Although the latest construction spending data and forecasts for the electric utility market do not reflect any major year-over-year growth, a fascinating array of new power plants are scheduled to come on line in the next year or are on the drawing boards. Natural gas-powered plants, wind farms and utility-scale solar fields account for most of the new construction.

The 2015 Dodge Construction Forecast pointed to $20.5 billion in utility construction, a 9% drop from 2014 and a 39%

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TAGS: Utility
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