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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

Alliant Energy Announces Agreement to Build 210 MW Wind Farm in Iowa

LCG, July 19, 2018--Alliant Energy's Iowa utility subsidiary, Interstate Power and Light Company (IPL), and Invenergy announced Monday that the companies signed contracts by which Invenergy will complete development of the 210-MW Richland Wind Farm in Sac County, Iowa. Alliant Energy will construct and own the wind farm, which is scheduled to be completed by early 2020.

The Richland Wind Farm, located in west-central Iowa, is part of Alliant Energy's resource plan to install 1,000 MW of new wind generation for its Iowa customers by the end of 2020. The expansion comes from five new wind farms in Iowa. Richland Wind Farm is the fifth and final part of this project.

The president of IPL stated, "Wind energy is a win for Iowans and especially our customers. Because there is no fuel cost associated with wind generation, when complete, our five new wind farms will produce cost-effective, clean energy for our customers for decades."

Alliant Energy's $1.8 billion investment in wind energy supports the company's plan to reduce carbon dioxide emissions by 40 percent (relative to 2005 levels) by 2030.

Alliant Energy received approval from the Iowa Utilities Board (IUB) in 2016 to add up to 500 MW of wind energy, and the company requested a similar expansion from the IUB again in 2017. Through this expansion, combined with existing wind farms and market purchases, the company has previously stated that it expects wind to provide approximately one-third of its total electric generating capacity in Iowa by the end of 2020.

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