Don’t Worry About Coal Shutdowns, Texas -- Wind’s Got This
- New wind, solar, gas plants to offset coal shutdowns: analysts
- Texas set to add as much as 11 gigawatts of wind power alone
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Texas stands to lose 6 gigawatts of coal-fired electricity generation, enough to supply as many as 3 million homes. And the power market may not even flinch.
In fact, electricity prices could fall with the Lone Star State set to add as much as 11 gigawatts of wind power from 2015 to 2018, more than making up for coal shutdowns, according to CreditSights Inc. analysts including Andy DeVries and Greg Jones. Texas has 2 gigawatts of solar and at least 1 gigawatt of new gas-fired generation coming online, they said in a report Wednesday.