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Released July 03, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Florida is living up to its nickname: the Sunshine State. Wood Mackenzie and the Solar Energy Industries Association expect Florida to be the top U.S. state for utility-scale solar photovoltaic (PV) projects over the next six years, putting it at the forefront of a national trend that is defying the Trump administration's support for fossil fuels and tariffs. Solar installations nationwide in 2019 are expected to be up 25% from 2018, totaling 13.3 gigawatts (GW). Industrial Info is tracking more than $3 billion in active solar projects in Florida, about $1.8 billion of which is attributed to work from Florida Power & Light (FPL), a subsidiary of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida).
Click on the image at right for a graph detailing the top 10 Florida counties for active solar projects, by investment value.
FPL began construction in May on more solar-energy facilities across Florida, which the company expects to be operational early next year. FPL says it will install 3 million solar panels by the end of 2019 to meet its "30-by-30" plan, in which its plans to install more than 30 million panels by 2030. One of the largest projects, in terms of investment value, is the estimated $145 million Blue Heron Energy Center in Felda, which will use photovoltaic (PV), thin-film modules to generate 74.5 megawatts (MW).
Other FPL projects to begin construction in southern Florida include the estimated $85 million Hibiscus Energy Center in Delray Beach and the $85 million Okeechobee Energy Center in Okeechobee, each of which will use an estimated 330,000 PV modules from NEXTracker (San Francisco, California) to generate 74.5 MW. For more information, see Industrial Info's reports on the Blue Heron, Hibiscus and Okeechobee projects.
"FPL is well on its way to making Florida a world leader in solar energy," said Eric Silagy, the chief executive officer of FPL, in a May press release. "This year alone, we're building enough solar to increase our solar capacity by 60%." Earlier this month, NEXTracker reached its own milestone when it announced that 20 gigawatts (GW) of its solar trackers were operational worldwide.
In northern Florida, FPL is planning three more 74.5-MW facilities: the estimated $120 million Union County Energy Center in Lake Butler and the $80 million Magnolia Springs Energy Center in Green Cove Springs, both of which are expected to begin construction next spring, and the $110 million Trailside Energy Center in Hastings, expected to kick off next summer. The first two projects are scheduled to wrap up toward the end of 2020, and the Trailside project is expected to be finished in first-quarter 2021. For more information, see Industrial Info's reports on the Union County, Magnolia Springs and Trailside projects.
Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced this week that it had surpassed 1 GW of utility-scale solar facilities in the U.S., including more than 100 MW operational in Florida. The company plans to grow its solar portfolio in the Sunshine State to 700 MW by 2022, and expects to begin construction this summer on its estimated $150 million Columbia Solar Plant in in Fort White, which will generate 74.9 MW from PV thin-film modules, and its $60.0 million Lake Placid Solar Station in Lake Placid, which will generate 45 MW.
Duke also is proposing an estimated $85 million solar plant in Debary, which would generate 75 MW from fixed-tilt PV panels. For more information, see Industrial Info's reports on the Columbia, Lake Placid and Debary projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing the top 10 Florida counties for active solar projects, by investment value.FPL began construction in May on more solar-energy facilities across Florida, which the company expects to be operational early next year. FPL says it will install 3 million solar panels by the end of 2019 to meet its "30-by-30" plan, in which its plans to install more than 30 million panels by 2030. One of the largest projects, in terms of investment value, is the estimated $145 million Blue Heron Energy Center in Felda, which will use photovoltaic (PV), thin-film modules to generate 74.5 megawatts (MW).
Other FPL projects to begin construction in southern Florida include the estimated $85 million Hibiscus Energy Center in Delray Beach and the $85 million Okeechobee Energy Center in Okeechobee, each of which will use an estimated 330,000 PV modules from NEXTracker (San Francisco, California) to generate 74.5 MW. For more information, see Industrial Info's reports on the Blue Heron, Hibiscus and Okeechobee projects.
"FPL is well on its way to making Florida a world leader in solar energy," said Eric Silagy, the chief executive officer of FPL, in a May press release. "This year alone, we're building enough solar to increase our solar capacity by 60%." Earlier this month, NEXTracker reached its own milestone when it announced that 20 gigawatts (GW) of its solar trackers were operational worldwide.
In northern Florida, FPL is planning three more 74.5-MW facilities: the estimated $120 million Union County Energy Center in Lake Butler and the $80 million Magnolia Springs Energy Center in Green Cove Springs, both of which are expected to begin construction next spring, and the $110 million Trailside Energy Center in Hastings, expected to kick off next summer. The first two projects are scheduled to wrap up toward the end of 2020, and the Trailside project is expected to be finished in first-quarter 2021. For more information, see Industrial Info's reports on the Union County, Magnolia Springs and Trailside projects.
Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced this week that it had surpassed 1 GW of utility-scale solar facilities in the U.S., including more than 100 MW operational in Florida. The company plans to grow its solar portfolio in the Sunshine State to 700 MW by 2022, and expects to begin construction this summer on its estimated $150 million Columbia Solar Plant in in Fort White, which will generate 74.9 MW from PV thin-film modules, and its $60.0 million Lake Placid Solar Station in Lake Placid, which will generate 45 MW.
Duke also is proposing an estimated $85 million solar plant in Debary, which would generate 75 MW from fixed-tilt PV panels. For more information, see Industrial Info's reports on the Columbia, Lake Placid and Debary projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
