The story of Texas wind energy is a success, but it’s an odd history.
In 1999, when Texas deregulated the energy market, a deal was struck to include a Renewable Portfolio Standard (RPS), a requirement that power companies source a certain amount of their electricity from renewable energy by certain dates. Texas surpassed the original targets, as well as subsequently increased targets, eventually making Texas the U.S. wind leader. In fact, the wind industry’s success has been an integral part of the “Texas Miracle” of job creation, especially in West Texas, which hasn’t seen an economic boom like this since before the Great Depression.
However, state Senator Troy Fraser (R-Horseshoe Bay) and other legislators think that, because Texas blew past its wind goals, we can call it a “mission accomplished” and repeal the RPS. Repealing Texas’ wind goals at this time, though, could undermine Texas’ wind industry, potentially eliminating thousands of jobs and halting millions of investment dollars Texas receives every year.
The American Wind Energy Association (AWEA) recently released its annual U.S. Wind Industry Market Report for 2014. The report puts Texas on a pedestal, highlighting how the Lone Star State is home to 37 percent of newly installed wind capacity in 2014. Of the 12,700 megawatts (MW) under construction across the country, approximately 7,000 MW are in Texas. Unsurprisingly, Texas leads the country with over 17,000 wind industry jobs. In the list of the Top 10 Public Utilities and Public Utility Districts with Wind Capacity on System across the U.S., Texas’ own CPS Energy in San Antonio and Austin Energy rank first and third, respectively. Read More »
A recent Bloomberg New Energy Finance article made a splash saying that fossil fuels “just lost the race against renewables.” It included a striking chart, depicting changes in power capacity additions with very clear diverging trends.
