Renewable energy sources are expected to grow 28 percent over the next quarter-century and to constitute 16 percent of the nation's electrical generation by 2040, according to a new report by the U.S. Energy Information Administration (EIA).
The Annual Energy Outlook 2014 also found that coal accounted for 133,792 MWh compated to 125,767 MWh representing a 6.4 percent increase year-over-year.
Natural gas saw a decline of 6.5 percent compared to 2012, providing 101,199 MWh year-to-date (YTD), compared to 108,206 MWh in 2013.
Nuclear energy had a slight increase of two percent from 64,511 MWh in 2012 to 65,799 MWh YTD.
The outlook noted that 11,118.4 MW of generating capacity was retired in 2013; and 9,981.5 MW of generating capacity was created, bringing the total to 1,063,601.1 MW in generating capacity in the U.S.
Among the findings, the report also included an overview of the electric power industry, trends dating back to 2003, net generation, electricity generation and consumption by state and Unusual Events.