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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