Utilities, Solar, Sourcing Renewables - January 17, 2019
Florida Power & Light plans to make FL solar leader
Florida Power & Light Company (FPL) announced a “30-by-30” plan to install more than 30 million solar panels by 2030, making the state of Florida a world leader in the production of solar energy.
FPL has secured solar sites throughout the state, which will enable the company to continue to cost-effectively build solar energy centers. A statement from FPL noted that the plan will capture economies of scale and promote the construction of efficient and cost-effective solar generation, resulting in the largest installation of solar panels by a regulated utility in the world and a 67% fleet-wide reduction in CO2 emissions rate by 2030 as compared to the national average.
"FPL is not your traditional electric company," said Eric Silagy, president and CEO of FPL. "We're a technology company that delivers power, and we've long believed in making smart, forward-thinking infrastructure investments to produce tangible, long-term benefits – cleaner air, lower electric rates, and reliable service – for our customers and our state. Now we're taking our long-standing clean energy commitment to the next level. Bottom line, this bold, innovative plan is the right thing to do for our customers and for our fast-growing state, and we look forward to working with local and state officials and our regulators to make this vision a reality."
The statement reported that FPL and its sister company, NextEra Energy Resources, are already the world's largest producer of renewable energy from the wind and sun. When the 30-by-30 plan is completed, FPL expects to be the largest utility owner and operator of solar in America. FPL has already begun pairing battery storage technology at its solar power plants and expects to make investments in advanced and innovative battery storage technology that will extend the use of clean, affordable solar energy. FPL already has begun pairing battery storage technology at its solar power plants. “Future technology is planned to increase the capacity and cost-effectiveness of batteries, making them a vital part of FPL's future.”
FPL's planned renewable energy generation and storage, combined with its nuclear power plants in St. Lucie and Miami-Dade counties, is projected to generate more than 40% of its electricity emissions-free by 2030.