What was once recognized as a span of land with dirt roads and desert-like features will soon transform into an industrial site.
Courthouse News Service reports that international energy companies are gearing up to post fields of blue solar panels accompanied by white windmills in some of the state’s most rural land, and it could all happen within the next two years.
At the same time, developers are hoping to build sooner than later as federal tax incentives are starting to go away as technology proves to be a suitable competitor for coal in the state. A tax break of 30 percent for solar investment is slated to decrease by 4 percent in 2020, and go even lower to 10 percent in 2021. As for federal tax breaks for wind power production, those are scheduled to end altogether by the end of 2020.
“I’m sure that it’s playing into somebody’s motion,” Charlie Hemmeline of the Texas Solar Power Association told Courthouse News Service.
So far, a radiologist has already joined forces with an energy company that hails from Latin America to claim and purchase more than 5,000 acres of land near Lubbock that will be turned into a solar farm adjacent to a forthcoming “supercharger” station for luxury Tesla cars.
A California-based firm is also in talks of constructing what could be the biggest solar farm connected to a power storage facility in the entire world.
While the changes are major, Texas is no stranger to wind generation considering it’s already the top in the U.S. with more than 20,000 megawatts of capacity.
Electric Reliability Council of Texas (ERCOT) Senior Director of System Planning Warren Lasher told Courthouse News Service that trends are emerging.
“We’re not exactly sure what’s going to get built, but we can see trends," he said. "Certainly, if you look at the amount of wind and solar that has that signed contract and has put down collateral, it’s a significant amount.”