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The State of Oil Is Falling in Love With Solar Energy

IAM Newswire
Benzinga

"Everything's bigger in Texas," as the saying goes. Texas generates most electricity in the U.S., and accounts for approximately 25% of the U.S. oil refining and natural gas industry.

Texas is also on the verge of a renewables boom since it creates the most wind power in the United States. Developers plan to quadruple solar capacities, adding enough panels to light up Dallas in 2020. Solar is already popular when it comes to households, however it is becoming more and more appealing for oil and gas drillers. In a way, Texas is combining something which at first sight seems incompatible. How is this possible?