Note: Renewables do not include large hydroelectric sources exceeding 30 megawatts.
Data Source: California Energy Commission; U.S. Department of Energy, Energy Information Administration.
Analysis by Beacon Economics
Highlights
- California has a legally-mandated goal of renewable generation increasing to 44 percent of retail sales by December 31, 2024, 52 percent by December 31, 2027, 60 percent by December 31, 2030, and 100 percent by 2045. Although the growth rate of renewables in the power mix has increased from 2021 to 2022—at 2.2 percent, it is still slower than the rate needed to reach 2026 goal.
- To meet the 2026 goal of 50 percent of generation from RPS-eligible renewable sources, a target set by earlier legislation, California’s share of electricity generation from renewables would need to increase by 8.7 percent each year from 2022 to 2026, revised upward from 8.3 percent previously. To reach the 2027 goal of 52 percent, the share of electricity generation from renewables would need to increase by 7.8 percent each year from 2022 to 2027. To meet the 2030 goal of 60 percent, the share of electricity generation from renewables would need to increase by 4.9 percent annually from 2027 to 2030.
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