Blog

Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical energy usage data and present appropriate options. Get started now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

Pandemic Trims Texas Solar Projects

May 18, 2020

The pandemic-induced economic slowdown has led to the cancellation of up to 2.5 GW in solar projects in Texas. According to Bloomberg, economic contraction and resulting drops of electricity load of up to 20% in some parts of the state make it more difficult to line up financing. The demand for clean energy tax credits is also falling. 

For more: https://www.bloomberg.com/news/articles/2020-05-11/a-solar-boom-fueled-by-oil-is-fizzling-in-texas?srnd=premium