California will grow a whopping 12,000 solar farms, wind turbines and battery storage facilities by 2030, according to a new study released Wednesday.
That would bring the state’s total capacity to more than 100 gigawatts.
The state is on track to meet the goal of achieving 100 gigawatt-hours of power by 2050.
It will also be producing electricity from a whopping 7,000 megawatts of solar energy, which is twice the amount of solar photovoltaic panels on the state capitol grounds.
That means California will become a world leader in renewable energy production.
California’s goal is a milestone in the rapid transition of the state away from coal and toward a renewable energy future.
It means more than 1.6 million new jobs will be created, the state is expected to produce $100 billion in new economic activity and the number of people with a solar panel installed will triple from 2.5 million to 6.5 to 12 million by 2040.
The study by the U.S. Energy Information Administration and the University of California, Berkeley, analyzed the growth of solar and wind farms in California, and the state of the solar industry in 2020.
The researchers estimated that the state would generate roughly $1.6 trillion in new electricity and $1 trillion in economic output in 2030.
The report found that the growth in California’s solar and other renewable energy industries is driven largely by solar panel installations, a growing industry that will produce a record $3.5 billion in revenue this year.
This includes more than $2.4 billion from solar installations.
California is home to a large number of solar panels and solar photoworks, but it has not made the transition to solar farms yet, said Matthew Bledsoe, director of the UC Berkeley Center for Renewable Energy.
There is a lot of work to do, he said.
The U.N. predicts the solar market will grow to $6 trillion by 2030.
But Bledo said the solar growth in 2030 is not just a product of new installations and manufacturing capacity.
It also reflects a broader shift away from dirty energy sources such as coal.
Solar power is a cleaner energy source than coal, and Bledboe said the growth can be attributed to a number of factors, including cleaner transportation and higher-quality electricity generation.
That could translate into cleaner air, a better quality of life and less greenhouse gas emissions, he added.
Bledsoes analysis of California’s 2030 solar and renewable energy development and projections found that solar panels are responsible for more than half of the increase in the number and capacity of installations.
The number of installed solar panels increased by a third from 2020 to 2030.
The industry’s overall investment in installations, meanwhile, grew by more than double to $1 billion from 2020.
The solar industry’s total investments in solar energy are expected to reach $9.3 trillion in 2030, up from $5.7 trillion in 2020, the report found.
Solar power generation will grow by a further $300 billion in 2030 from 2020, to more then $3 trillion.
The energy source will account for about 90 percent of the total new electricity generation in the state.
Solar and wind energy is expected also to be an important source of economic activity.
The report found California will add more than 4,000 jobs to the state economy through 2020, which would generate $4.3 billion in economic activity over the same period.
The state is also expected to generate $600 billion in additional economic activity from other sources, including agriculture and energy, the researchers said.
The authors added that the new solar and renewables industries will help create more than 30,000 manufacturing jobs, as well as more than 5,000 construction jobs and more than 12,500 other employment opportunities.
Solar panels have a number on their side, Bleds said, especially for the solar panel industry.
They have low operating costs and are very flexible.
They can be made into multiple panels, which can help them produce more energy per watt.