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

Rhode Island Legislature Passes Revisions to Increase RPS Goals to 40 Percent

LCG, June 28, 2016--The Rhode Island legislature last week passed legislation to increase the state's renewable energy target from 14.5 percent by 2019 to 40 percent by 2035. The legislation is expected to be signed into law by Governor Gina Raimondo.

The legislation proposes to revise Rhode Island's original renewable portfolio standard (RPS) approved in June 2004. The original RPS targeted 3 percent renewable energy by 2007; it would then rise an additional 0.5 percent through 2010, an additional 1.0 percent through 2014, and an additional 1.5 percent of renewable energy each year through 2019, when it would reach 16 percent. However, in December 2014, the PUC decided to delay the 1.5 percent increase for 2015 by one year, thus reducing the 2019 goal from 16 percent to 14.5 percent.

A House amendment attached to the new legislation gives the PUC more flexibility to delay a planned increase in the RPS in the event of an inadequate supply of renewable energy credits.

Last month, Maryland Governor Larry Hogan vetoed legislation that would increase the state's RPS from 20% to 25% by 2020. According to the Governor, Maryland consumers in 2014 paid over $104 million for renewable energy credits, and the higher standard would increase the burden on ratepayers. The tax increases were estimated to be up to $196 million in 2020 under the proposed legislation.
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