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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

Spanish Endesa Won't Bid for Brazil's Copel

LCG, Oct. 9, 2001--Spanish global energy company Endesa said yesterday it would not bid in the privatization sale of integrated utility Companhia Paranaense de Energia, commonly called Copel, by the southern state of Parana.

Endesa joins Electricit de France in withdrawing from the auction, placing the sale in doubt. "The market is full of uncertainty about whether Copel's auction would happen at all after Endesa's pullout," said an official of a Brazilian bank.

Between 76.5 percent and 90 percent of the voting stock in Copel will be sold in an auction on October 31, depending on how many of the company's minority shareholders participate in a government offer to buy their shares for inclusion in the auction.

But yesterday's announcement by Endesa knocked almost 10 percent off Copel's market capitalization on the Brazilian stock market.

The government of Parana, which will sell 76.5 percent of Copel's voting stock, has placed a minimum price of 4.32 billion rials ($1.6 billion U.S.) on the stake.

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