Welcome to your daily briefing on energy developments in Texas. Today we're covering 9 key stories including updates on texas energy headlines, texas energy updates, background & context. Let's dive in.
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Water is in high demand across Texas, especially in West Texas. Luckily, wind energy doesn't use water to produce electricity, saving Texans over 24 billion gallons last year alone!
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Texas's largest solar farms, upcoming projects, and their impact on grid reliability.
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AES develops clean energy in Texas. Discover our solar & wind projects, creating economic benefits and landowner opportunities.
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Clearway's clean energy projects have generated $4.4B in investment, $45M in annual tax and lease payments, and over 6,000 jobs in Texas.
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Texas is leading America’s clean energy transformation with record growth in wind, solar, battery storage, and hydrogen. Discover how Texas is helping power the future.
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RECs prove the environmental attributes of renewable generation, separable from the power itself. Selling the power as "renewable" while also selling the REC to a third party is double-counting — a violation in most state RPS programs and a significant reputation issue in voluntary markets.
RPS-compliance audits track REC retirement against generation claims. Discovery of double-counting can produce program disqualification and clawback of past compliance.
The ITC is a one-time credit against the qualifying project cost, taken in the year the project is placed in service. The PTC is a per-kWh credit earned over the project's first 10 years of operation. Solar projects historically defaulted to ITC; wind to PTC. Recent legislation lets developers choose — and the choice depends on capital structure, not project type.
The wrong choice can leave 10-30% of project value on the table over the credit period. The decision should be made at financial close, not at project inception.
Most states have begun aggressive enforcement against operators of uneconomic wells, including parent-company veil-piercing and successor-liability theories. Selling a depleted well to a thinly-capitalized buyer no longer reliably extinguishes plugging liability for the original operator.
Plugging costs per well can run $50K-$500K depending on depth and condition. The retroactive enforcement can attach to operators who sold years ago.
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