Texas, already the U.S. state with the most wind energy capacity, is catching up to California in utility-scale solar capacity, according to a report from the U.S. Energy Information Administration (EIA) on April 21.
California currently has the most installed utility-scale solar capacity of any state—about 16 gigawatts (GW).
One gigawatt can power about 1 million U.S. homes. But since solar power is on only about a third of the time, a gigawatt of solar can only power about 330,000 homes.
The EIA projected Texas will add a record 10 GW of utility-scale solar capacity by the end of 2022, compared with 3.2 GW in California. A third of all U.S. utility-scale solar capacity planned to come online in the next two years (30 GW) will be in Texas.
Texas and other parts of the Central U.S. experienced a brutal freeze in February that left millions without power for days and caused natural gas and power prices in many regions to spike to record highs due to the freezing of gas pipes, power plants and wind turbines.
Texas added 2.5 GW of solar capacity in 2020, and the EIA said it expected the state to add another 4.6 GW in 2021 and 5.4 GW in 2022, bringing the state’s total to 14.9 GW.
The appeal of solar and wind power is growing quickly as countries around the world transition from fossil fuels to renewable sources of power to stop global warming.
President Joe Biden’s administration wants all U.S. power to come from non-carbon-emitting sources like nuclear and renewables by 2035.
Solar is expected to make up the largest share of capacity additions in Texas between 2020 and 2022, with almost half of the additions, compared with 35% for wind and 13% for gas, according to EIA projections.
Recommended Reading
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.