TEXAS CLEAN ENERGY

The Lone Star State contains enormous opportunities for renewables with both load growth and new clean energy projects continuing to outpace predictions. Wind power generation in ERCOT is expected to provide 29% of Texas’ power needs this year, solar to reach 8%, and renewable resources to overtake natural gas for the first time.

However, enormous changes in the Texas power markets and new legislation are rendering business planning extremely challenging. Rule reforms and Phase 2 of the ERCOT market redesign are proposed but not finalized, let alone completely understood. At the same time, growing legislative uncertainty, extreme weather, and price volatility are on the rise.