FPL completes 298 MW of solar

Share

Florida Power & Light (FPL), owned by energy giant NextERA Energy, has announced that it has completed four 74.5MW solar pv power plants. The four projects are located in the central Florida region.

FPL is the state’s largest generator of solar energy. With these four, the utility’s solar portfolio of operating solar assets totals 930MW. According to Eric Silagy, the president and CEO of FPL:

We are committed to advancing affordable clean energy – the right way. We are building some of the lowest-cost universal solar ever in the country, which keeps costs down for our customers

The ‘universal solar’ terminology is new marketing introduced by the electricity industry lobbying groups to differentiate solar power owned by electricity utilities, which are privately owned companies, versus ‘private solar’ owned by their customers.

FPL recently installed a 4MW/16MWh energy storage system to complement their Cirrus Solar Energy Center. The energy storage system is designed to capture electricity that would have been ‘clipped’ during peak production days.

If the 74.5MW Citrus Solar Energy Center captures and resells 2% (an aggressive value) of its clipped electricity generation at $0.10/kWh – the company will generate just over $200,000 in additional revenue.

A 16MWh energy storage system at $500/kWh would cost $8 million.