The population of the “Lone Star State,” Texas is estimated to be 29.9 million people. In February 2020, state utilities used natural gas (52.7%), renewable energy (23.8%), coal (13.6%) and nuclear (10.0%) 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 February 2020, the average cost of electricity in Texas was U.S. 12.0 ¢ per kWh, which is the 25th cheapest state in America. The average price of electricity in the United States in February 2020 was 12.8 ¢ per kWh.
Texas generates more electricity from wind than any other state in America. State utilities are continuing to develop new wind farms even with the restrictions put in place from the Coronavirus pandemic. Scout Clean Energy has completed construction on the Heart of Texas Wind Farm (HTX), located approximately 210 miles southwest of Dallas, Texas.
The 180 MW capacity wind farm cost $255 million to build. Michael Rucker, CEO and founder of Scout Clean Energy stated, “Heart of Texas was completed on time and under budget which is quite an achievement given the wide-spread disruption that COVID-19 has caused across the entire US economy.”
Texas’ rapid growth in clean, green wind energy is projected to continue through 2025. As natural gas production in the state continues to decline, it is only a matter of time before renewable energy becomes the leading source of energy in Texas.
Our Energy Conundrum