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

Columbian Unrest Forces AES to Close Power Plant

LCG, Oct. 9, 2001--AES Corp. of the U.S. said yesterday it would shut down its 300 megawatt Termocandelaria power plant in the port city of Cartagena, Columbia, on December 3 because of regulatory uncertainty and the inability of the government to control rebellious elements of its populace.

AES, which also operates a 1,000 hydroelectric plant in Columbia, said it would probably dismantle the plant and move it to a country with more stable regulation and less internal conflict.

"Short- and medium-term perspectives, given current regulation and market conditions, leave us no other option," said AES of the proposed closure of the $150 million Termocandelaria plant, which it acquired from KMR Power Corp. last November.

The regulatory uncertainty that has hit AES and other foreign investors in Columbia's energy sector stems from a government decision in March to no longer compensate companies for losses incurred when Marxist guerillas blow up power plants and transmission lines.

If other power producers follow AES' lead, it could cause power shortages in Columbia, where the total generating capacity is 12,500 megawatts, more than half from plants owned by foreign companies such as AES, Union Fenosa and Endesa of Spain.

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