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

Group of Companies to Explore Nuclear Licensing

LCG, Mar. 31, 2004--A group of power generation companies plans to split the costs associated with the regulatory process for a nuclear power facility, an effort which could lead to the construction of a nuclear plant beginning by the end of the decade.

The Nuclear Regulatory Commission's licensing process has been changed to allow the agency to issue not only a construction permit but an operating license, based on a generic reactor design. The members of the consortium includes Exelon Corp., Entergy Nuclear, Constellation Energy Group Inc., Southern Co., EDF International North America Inc. (a unit of Electricite de France), as well as reactor builders General Electric Co. and Westinghouse Electric Co. The reactor vendors have already submitted designs for consideration by the NRC. Members of the group have said that they are ready to spend $7 million annually in the hopes that they can obtain a permit by 2010, although they have stressed that the effort will not definitely result in a decision to build a plant.

The agreement among the companies will allow any of those involved to proceed towards construction of a plant, whether independently or as part of a group.
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