Next Texas Energy Boom: Solar
By Russell Gold
FORT STOCKTON, Texas—A new energy boom is taking shape in the oil fields of west Texas, but it’s not what you think. It’s solar.
Solar power has gotten so cheap to produce—and so competitively priced in the electricity market—that it is taking hold even in a state that, unlike California, doesn’t offer incentives to utilities to buy or build sun-powered generation.
Pecos County, about halfway between San Antonio and El Paso and on the southern edge of the prolific Permian Basin oil field, could soon play host to several large solar-energy farms responsible for about $1 billion in investments, according to state tax records.Read Full Article