Formerly a Shell executive, David Lawrence is an energy advisor and investor who brings focus to oil and natural gas solutions, as well as those involving renewables such as wind and solar power. David Lawrence has a wealth of experience working with Shell, large and small independent energy companies, investors including private equity and buy and sell side analysts, government and academia that informs his efforts to strategically position energy firms and service providers at the cusp of the energy transition, including emerging green energy markets, unconventional and conventional oil and gas plays around the world, the evolving role of natural gas and comparative energy scenario outlooks.
A Windpower Engineering and Development article from early 2019 highlighted wind capacity’s emergence as a driver of new electric generating capacity. As reported by the US Energy Information Administration (EIA), electric power capacity that comes online this year will come primarily from renewables. With expected capacity additions totaling 23.7 GW for 2019, capacity retirements will amount to only 8.3 GW.
Among utility-scale capacity additions, wind power leads the way at 46 percent, with natural gas reaching 34 percent and solar photovoltaics, 18 percent. The two percent remaining comes from sources such as battery storage capacity and other renewables. Major coal retirements are expected to occur during the latter half of 2019, with Navajo, which has maintained Arizona operations since the 1970s, expected to retire its 4.5 GW capacity.