nce, not long ago, it seemed that coal would conquer Texas. Just a few years ago, out-of-state developers and home-grown utilities, including TXU and NRG Energy, were clawing over each other to build new coal-fired power plants. Thanks to high natural gas prices and Texas’ deregulated power market, some of these companies were going to make a mint and turn Texas into the Coal Star State.
Now, many of the proposed plants have been unceremoniously scrapped.
Solar is just a tiny sliver—less than 1 percent—of Texas’ electricity mix.
Yet, the economics are becoming increasingly favorable for solar to take off in a big way. The question is probably when, not if. And a recent analysis by ERCOT has some very rosy projections for the future of the solar industry in Texas. (And some very sour news for nuclear, coal and maybe even natural gas.)
IN A RURAL TOWN IN East Texas, a battle is being waged between a multinational energy corporation and an alliance of rural landowners and [...]