Oil-soaked Texas turns to solar for economic reasons

by Brian Eckhouse and Chris Martin, Bloomberg

Texas, home to the world’s largest oil reserve and America’s biggest source of coal-fired power, is on the verge of a clean-energy boom.

Wind already supplies about 15 percent of Texas’s electricity, and now developers are about to quadruple the state’s solar capacity, adding enough panels by 2022 to light up all of Dallas. But they won’t just power homes. Solar developers are responding to demand from oil and gas drillers, whose booming operations are gobbling up electricity and pushing prices spiking above $1,000 a megawatt-hour.

The fact that Texas is turning to solar for help when it’s home to some of the cheapest energy resources in the world is the best evidence yet that the technology can compete head on with fossil fuels. Solar is getting built based purely on economics in the state, which isn’t offering the types of incentives that have spurred clean-energy booms elsewhere.

Read more: https://www.bloomberg.com/news/articles/2019-04-04/solar-is-going-to-keep-oil-flowing-in-the-texas-shale-patch?srnd=climate-changed&utm_source=twitter&utm_content=energy&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-energy

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