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Hot U.S. Solar Market Fizzles, an Unlikely Oil-Bust Casualty

Developers have canceled at least 13 solar projects since crude crisis began

An pump jack in Monahans, Texas.

An pump jack in Monahans, Texas.

Photographer: Bloomberg/Bloomberg
Updated on

The oil crash is yanking the rug out from under the hottest U.S. solar market.

Developers including 8minute Solar Energy have scrapped plans to build at least 13 solar farms in Texas since crude prices began plummeting in March. Analysts warn more may follow.