In the latest U.S. Spotlight by ConstructConnx Texas bets big on renewable energy for the future.
Texas is in the midst of a population, investment and construction boom. State population has grown by four million over the past decade to just under 30 million, with most concentrated in major metropolitan areas.to Adriana Cruz, executive director of Texas Economic Development and Tourism“Texas experienced a whopping 8.2 per cent increase in GDP in the third quarter of 2022 — more than double the national average.
Rather than rely solely on its own supply of fossil fuels for power generation, Texas is increasingly turning to wind and solar energy sources.to the U.S. Energy Information Agency, as of mid-2022 Texas led the country with over 30GW of wind installations and ranked second in solar with 8.6GW. In fact, renewables are likely to overtake natural gas for power generation in 2023.
there is sufficient installed generating capacity available to serve the system-wide forecasted peak demand through to February 2023.The famous Texas sunshine makes it a natural for solar generation. It offers expansive rural areas situated in a natural high-wind belt. With landowners enjoying a financial payback, zoning approval is rarely a problem.
, Joshua Rhodes writes the widespread adoption of renewables reduced wholesale electricity costs between 2010 and August 2022 by approximately $27.8 billion.
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