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Tampa Electric Plans to $800 Million Investment in New Solar Power Generation

LCG, February 24, 2020--Tampa Electric recently announced plans to expand its use of solar power to meet customer needs in Florida. The company plans to invest approximately $800 million to add 600 MW of solar electric generating capacity by the end of 2023, when the total solar capacity would exceed 1,250 MW. Solar power will then account for about 14 percent of the utility's energy.

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AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Industry News

Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

"This RFP represents the future of the state's environmental, energy, and economic potential," said the Governor of Connecticut. "I commend DEEP and the Commission on Environmental Standards for working so thoroughly to find the right balance in this RFP to preserve our ocean ecosystem while encouraging the development of a local renewable energy industry."

Offshore wind projects are now targeted from Maryland to Maine as a key source of renewable energy to satisfy the high renewable energy requirements recently increased by many of the coastal states. Furthermore, many of the states of set specific requirements for offshore wind capacity, with New York setting the highest requirement of 9,000 MW by 2035. The requirement for Connecticut is 2,000 MW by 2030.

In June, legislation to allow the use of the Investment Tax Credit (ITC) for offshore wind projects (Incentivizing Offshore Wind Power Act) was introduced in Congress with the goal of supporting these relatively high-cost, offshore wind projects.

Responses to DEEP's RFP are due September 30th.

In June 2018, DEEP issued an RFP for clean energy resources that included offshore wind, and Connecticut purchased 304 MW of offshore wind from the Revolution Wind project (now owned by ├śrsted and Eversource).
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