Florida Power & Light to Triple Solar Capacity by End of 2016

(Bloomberg) — NextEra Energy Inc.’s Florida Power & Light
Co. is planning to build three solar plants to triple its
photovoltaic capacity by the end of 2016.

The utility is adding more than 1 million panels to
increase output capacity to about 335 megawatts from 110
megawatts, according to a statement from Juno Beach, Florida-based NextEra on Monday.

Florida Power & Light “is optimistic that it could
potentially add even more solar energy generation to complement
its natural gas and nuclear resources while continuing to meet
the electricity needs of Florida’s growing economy and
population,” NextEra said.

The utility serves more than 4.7 million customers and
anticipates having more than 5 million by 2019. In addition to
more solar power, Florida Power & Light, which last year retired
two fossil-fuel plants, intends to add more capacity from high-efficiency natural gas facilities. It plans to issue requests
for proposals for those projects this quarter.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Carlos Caminada, Robin Saponar

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us