Tampa Electric Plans to $800 Million Investment in New Solar Power Generation

LCG, February 24, 2020--Tampa Electric recently announced plans to expand its use of solar power to meet customer needs in Florida. The company plans to invest approximately $800 million to add 600 MW of solar electric generating capacity by the end of 2023, when the total solar capacity would exceed 1,250 MW. Solar power will then account for about 14 percent of the utility's energy.

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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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Industry News

Start-up Delayed for Finnish Nuclear Plant

LCG, January 14, 2009--The Areva-Siemens Consortium stated yesterday that the Olkiluoto 3 nuclear power plant unit is now not scheduled for completion until 2012. The initial target for completing the Finnish project was 2009.

Finnish utility Teollisuuden Voima (TVO) stated that the Areva-Siemens Consortium, the turn-key supplier of the 1,600-MW nuclear power plant, filed an arbitration request over delays and overruns in the Olkiluoto 3 project and that the completion date has been delayed until June 2012.

The power plant incorporates AREVA's European Evolutionary Power Reactor (EPR). In the United States, Areva is acting to develop a fleet of nuclear reactors using AREVA's U.S. EPR design, which is a Generation III+ design based upon AREVA's European EPR.

In December 2007, AREVA filed its design certification application for the U.S. EPR with the Nuclear Regulatory Commission (NRC), and the NRC accepted the application for review in February 2008.
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