Emera Eyes Solar, NGCC Buildouts in Three-Year Growth Plan

March 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Emera Incorporated (TSX:EMA) is approaching the energy transition with a little more caution in 2023, as it maintains a strong outlook for solar-power and hydro-power growth in Florida and Nova Scotia, respectively. At the same time, the company is keeping its options open on closing one of its coal-fired units in central Florida, where natural gas-fired generation is continuing its dominance of the energy mix.

Industrial Info is tracking $1.8 billion worth of active projects from Emera, all but a few of which are operated by subsidiary Tampa Electric Company. More than 75% of Emera's three-year capital program of $8 billion to $9 billion is to be invested in its Florida operations.

Other companies featured: First Solar Incorporated (NASDAQ:FSLR) and General Electric (NYSE:GE)