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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

Calpine Buys Geothermal Assets in Northern California

LCG, Oct. 31, 2001--Calpine Corp. yesterday announced it had acquired two subsidiaries of Mid-American Energy Holding Co. and in the process got the companies' geothermal resource assets, contracts, leases and development opportunities associated with the Glass Mountain Known Geothermal Resource Area in Siskiyou County, Calif., near the Oregon border.

Financial details of the deal were not disclosed.

Before the acquisition of California Energy General Corp. and CE Newberry Inc., Calpine owned about 40 percent of the leases in the 66-square-mile area, and says that the two acquisitions give it "essentially all" of the development rights within the Glass Mountain area.

Calpine said the purchases are directly related to its plans to develop the 49.5 megawatt Fourmile Hill Geothermal Project located in the Glass Mountain area. Power from the project, which is in advanced development and is projected to be online by late 2004, is committed to Bonneville Power Administration under a 20-year contract.

Fourmile Hill has also qualified for a California Energy Commission renewable energy production incentive which is valid for the first five years of the facility's operation and is valued at up to $21 million, Calpine said.

"We are pleased with the initial resource data and are confident about the potential of the Glass Mountain (area) as a new green power resource," said John Miller, Calpine vice president of program development. "This transaction strengthens our commitment to renewable energy and reflects Calpine's strategy to manage the entire geothermal resource. In doing so, we will be better positioned to optimize power production and effectively coordinate the power production with other important uses of the area."

Calpine has been involved in geothermal power production since 1985 and, through its operations at The Geysers north of San Francisco, generates about 850 megawatts, making the company the largest producer of electricity from renewable geothermal resources in the world.

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