David Blackmon of Forbes writes about the ways in which ranching and solar co-exist in Texas.
- Lightsource BP, which is owned by BP, has launched solar energy projects on ranches in Texas.
- While the setup does not work for cattle, it works well for sheep herds and provides ranchers additional streams of revenue.
- Lawmakers should recognize the benefits of electricity competition and continue to promote an “all of the above” energy strategy.
“Unlike a standard oil and gas lease, which typically comes with a 3 to 5-year term during which a successful well may or may not be drilled, this solar lease comes with a 35-year term that includes a certain stream of annual income. It won’t make the rancher fabulously wealthy overnight like an oil gusher can, but then, oil gushers have never been a feature of this particular part of the vast Texas landscape.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
