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Matt Kapinos is a partner at Akin Gump and Hayden Harms is an associate at the firm, both located in Houston. They routinely advise energy and infrastructure clients on a broad range of transactional matters. (Courtesy Photo)

The discovery of oil at Spindletop started Texas on the path to becoming a dominant force in the global energy industry. Traditionally, at least in Texas, “energy” meant oil and gas, but the 2020’s will see renewable energy, technology once championed only by those believing in unicorns and fairy dust, gain importance for Texas companies. Moves by traditional energy companies to diversify their capital spend, the increasing importance of environmental, social and governance (“ESG”) considerations, and the continued decrease in costs to develop and purchase renewable energy have and will continue to facilitate greater involvement with renewable energy for Texas companies.

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