Texas has a surprising clean-energy policy story to tell, one based on market initiatives and deregulation rather than a government-driven approach, said Marilu Hastings, vice president of sustainability programs at the Cynthia and George Mitchell Foundation.

Those market signals were heard loud and clear last month when VistraEnergy Corp. announced it would retire three Texas coal plants with 4,100 megawatts of capacity. The three plants—Monticello, Sandow and Big Brown—are expected to close early next year, and renewable energy is forecast to become the state’s second-largest source of power, trailing only natural gas. Texas also leads the nation in wind power.

Hastings talked with Bloomberg New Energy Finance about the energy picture in Texas and the foundation.

Read the full interview with Marilu Hastings about clean energy in Texas at The Mitchell Foundation.