The current population of the “Lone Star State,” Texas is estimated to be 29.10 million people. In April 2019, state utilities used natural gas (45.6%), renewable energy (26.4%), coal (18.2%) and nuclear (9.8%) to generate electricity. Wind and solar are the primary sources of renewable energy in Texas.
Texas’s reliance on renewable energy and natural gas contributes to the state’s below average electricity prices. In April 2019, the average cost of electricity in Texas was U.S. 12.0 ¢ per kWh, which is the 19th cheapest state in America. The average price of electricity in the United States in April 2019 was 13.3 ¢ per kWh.
Texas leads the nation in electricity generated from wind energy and state utilities are developing new wind farms at a torrid pace. ENGIE North America Inc. has begun construction on a new wind farm, that is located approximately 350 miles west of Dallas, Texas. The Jumbo Hill wind farm will have a total capacity of 160 MW and will cost over $150 million to complete.
ENGIE North America Inc. is an electricity generation and co-generation company that is headquartered in Houston, Texas. ENGIE North America is a subsidiary of ENGIE, a multinational utility company that is headquartered in Paris, France.
Lincoln Clean Energy has commenced operation on a new wind farm, that is located approximately 200 miles northwest of Dallas, Texas. The Lockett Wind farm has a total capacity of 184 MW and has the potential to generate more than 700,000 MWh of electricity per year,
Lincoln Clean Energy, headquartered in Chicago, Illinois; develops, owns and operates renewable energy projects. Lincoln Clean Energy is a subsidiary of Ørsted, a multinational power company that is headquartered in Fredericia, Denmark
American Electric Power has acquired a major interest in a new wind farm, that is located approximately 250 miles northwest of Austin, Texas. The Santa Rita East Wind farm has a total capacity of 227 MW and has the potential to generate more than 860,000 MWh of electricity per year.
American Electric Power, headquartered in Columbus, Ohio is a major investor-owned electric utility. The company provides electricity to over five million customers in Texas, Ohio, Virginia, West Virginia, Tennessee, Indiana, Michigan, Oklahoma, Kentucky, Arkansas and Louisiana.
Texas rapid growth of wind farms is projected to continue through 2022. At the current pace, electricity generation from renewable energy will pass coal-fueled power by 2030. If natural gas production in Texas continues to decline, it is only a matter of time before renewable energy is the leading source of power in Texas.
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