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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

Private Transmission Project to New York City Stalls

LCG, Mar. 1, 2004--Doubt among lenders about the revenue that could be earned by a privately owned transmission line supplying power to New York City has resulted in the developer, Conjunction LLC, cancelling a planned auction of transmission access to utilities and merchant power developers.

Had investors been willing to lend a total of $500 million, they could have gained access to the proposed Empire Connection line at capped rates. Nevertheless, the fact that the transmission line would have had no guaranteed reimbursement of the construction costs was discouraging to entities wishing to minimize their exposure to project risk, according to the Wall Street Journal.

If completed, the line would allow imports of up to 2,000 megawatts of power. Based on projections by the New York City Energy Policy Task Force, 2,600 megawatts of additional capacity is need to supply the city by 2008, or else power outages may be seen.
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