OCI Energy's Solar Farm Lease Pays $200,000 Annually in Texas

Steve Cargil's lease of 600 acres to OCI Energy for a solar farm provides him $200,000 annually, sustaining his farming amid drought. Texas surpassed California to become the largest generator of solar electricity in the U.S. this year. In March 2022, solar power production exceeded coal for the first time. With a population increase of 15.8% expected between 2015 and 2025, and solar energy becoming the cheapest way to generate electricity in Texas, the shift to solar is significant for energy independence and agricultural sustainability, which can influence market dynamics for investors.

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