Texas is tops among US states when it comes to installed wind power generation capacity, having added 1,826 megawatts (MW) in 2012 to bring its cumulative total to a whopping 12.212 gigawatts (GW), enough to power nearly 3 million average American homes, according to the American Wind Energy Association’s (AWEA) latest industry report. Ongoing improvements in wind turbine … [Read more...] about Texas Electricity Market Prices
Economy
Construction booms across Port Aransas
Construction continues to steam along in Port Aransas. City records show development moving at a brisk rate. Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, people wanting to have a part of Port Aransas and come and enjoy it”. Many buyers are longtime Port Aransas residents who see a … [Read more...] about Construction booms across Port Aransas
Expansion in Natural Gas Spurs Big Plans for Corpus Christi
The U.S. shale revolution has spurred construction of many types—remote-site roads, natural-gas processing plants, pipelines, storage-tank farms and petrochemical projects, among them—but few, if any, projects are as challenging to develop, permit, finance and build as the multibillion-dollar plans to liquefy natural gas and load the resulting LNG for shipment … [Read more...] about Expansion in Natural Gas Spurs Big Plans for Corpus Christi
Corpus Christi Sees Eagle Ford Shale Benefits
Corpus Christi is seeing explosive economic growth from Eagle Ford Shale. More than $3.8 billion in projects are under construction at the Port of Corpus Christi, with $12 billion more in the permitting phase. Projects include: A $10 billion Cheniere Energy Inc. natural-gas liquefaction plant, handling shale product. Trafigura is undergoing a $500 million expansion of … [Read more...] about Corpus Christi Sees Eagle Ford Shale Benefits
International Homebuyers Bring $11 Billion to Texas Economy
The annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners shows that international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 percent of total U.S. existing home sales of $1.2 trillion. Of that, $46.7 billion is attributed to Type A clients and $45.5 … [Read more...] about International Homebuyers Bring $11 Billion to Texas Economy