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

PSEG Solar Source Acquires Solar Projects

LCG, September 24, 2009--PSEG Solar Source, a subsidiary of PSEG Global, yesterday acquired two solar photovoltaic (PV) projects from juwi solar Inc., plus a third solar project totaling nearly 30 MW of electric generating capacity. The three projects are scheduled to be completed by the end of 2010.

The three solar PV projects will use in total 380,000, ground-mounted panels that employ thin film technology provided by First Solar. juwi solar Inc. will provide the engineering, procurement, construction, and initial operation and maintenance services for the projects, which will be owned by PSEG Solar Source.

The first project scheduled to generate power is the Mars Solar Garden facility, a 2.2-MW project located on 18 acres adjacent to Mars Snackfood's U.S. headquarters in New Jersey. Mars Snackfood has contracted for the power, and the project is scheduled to be completed this year.

In Jacksonville, Florida, JEA (the local, municipal utility) will purchase the power and renewable energy credits from a 15-MW solar project located on 100 acres. Commercial opererations are scheduled to commence next summer.

AEP Ohio has contracted for the electricity and renewable energy credits out of the third, 12-MW project located on 80 acres in Wyandot, Ohio.

The three projects in total represent approximately a $100 million investment by PSEG Solar Source.
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