AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

Finnish Nuke Moving Ahead

LCG, March 20, 2002-While the rest of Europe seems to be abandoning nuclear energy, Finland approved its fifth nuclear plant.

The parliament has yet to sanction the new plant, but the Finnish government voted 10 to 6 to build it. The public is split roughly in half, with 48 percent approving and 45 percent opposing the plant.

Finland has been under pressure to expand its energy production since 72 percent of its energy is imported.

According to Finland's Minister for Trade and Industry Sinikka Monkare, building a nuclear plant would be the most cost-effective solution and would help the country comply with the Kyoto protocol by limiting emissions.

The Finnish company TVO bid for the nuclear plant, and if the parliament approves, then TVO will have 5 years to file an application for construction.

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