Consumers have installed more than 140, 000 solar energy systems, with a generating capacity of 1.5 gigawatts, in the state to date, according to Vote Solar, a San Francisco-based non-profit.
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The new company will have a generating capacity of about 57, 000 megawatts, outstripping Southern Company as the largest utility company in the U.S. (See If the Recovery Fizzles, Seek Safety in Utilities).
Some 20% of the solar installations would be built by 2014 under the plan and the rest by 2020 to a final generating capacity of 42 GWe.
Those fiascos were the result not of a shortage of generating capacity, but rather of the failings of an antiquated grid.
Asked about the government's strategy, Mr Davey said on-shore wind farms with potential generating capacity of a seven gigawatts (GW) were currently seeking planning consent, in addition to eleven gigawatts of plant either already built or approved.
Worldwide steel production got schmeissed and utilities lived off their inventories of steam coal when generating capacity turned into a surplus.
He said the UK needed a mix of renewables, new nuclear and fossil fuel energy as "a large slice of our current generating capacity shuts down".
Thanks to such advances, the cost of a fuel cell has already fallen from the stratosphere to only a few thousand dollars per kilowatt of generating capacity.
Moreover, the electric industry has a proven track record of adding additional generating capacity and transmission solutions when and where needed and of coordinating effectively to address reliability concerns.
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In addition, Japan has lost a substantial fraction of their electric-power generating capacity.
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Meanwhile, Yukos, a Russian oil company, is positioning itself to buy generating capacity, and thus ensure control of its electricity supplies.
As a result of this deliberate ramp and the utilization of a portion of our manufacturing capacity for non-revenue generating production, we are adjusting our full year revenue forecast.
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"The underlying trends driving their cash-flow-generating capacity are no different now than they were a day ago, " he said.
The IPP deals were made in the early 1990s, when the country was desperate for generating capacity amid blackouts of as long as 12 hours a day.
Nearly 2, 500 megawatts of electric generating capacity tripped offline, including two nuclear reactors in Virginia, after a magnitude-5.8 earthquake rocked vast swaths of the eastern United States on Tuesday.
Official figures indicate that 25% of the power generating capacity of new solar plants in 2011 went unused because the plants could not maintain a connection with the electric grid.
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Last year a study from the Massachusetts Institute of Technology said EGS could open up an additional 100, 000 megawatts of generating capacity in the U.S. by 2050, up from 2, 000 MW today.
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