Nearly four years ago, the Texas General Land Office signed the nation’s first ever lease for offshore wind power.
Since then, major hurricanes and economic storms have blown away plans to have turbines up and running by now. But that doesn’t mean we’re not earning real money.
After all, that’s what my drive to develop renewable energy on state lands is all about. For Texas, renewable energy means renewable revenue.
Oil and gas have been very good to Texas. Over the years, the Land Office has put more than $12 billion into the state’s Permanent School Fund from oil and gas leases — more than $3.7 billion of that has come from production in the Gulf of Mexico. Read more about Texas’s Green Economy