Hot U.S. Solar Market Fizzles, an Unlikely Oil-Bust Casualty (2)

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.

The canceled projects, which total 2.5 gigawatts, are an early indication that the solar building boom intended to meet burgeoning demand for electricity in Texas may be going bust as drilling slows. Economic growth from surging crude production made Texas one of the only states with a pressing need for new power plants. That’s fading as the oil industry ...