STOCK TITAN

Duke Energy Florida announces 2 additional solar sites

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Duke Energy Florida has announced two new solar power plants, the Fort Green and Bay Trail facilities, each with a capacity of 74.9 MW. These developments are part of a strategy to enhance its renewable energy portfolio, which now exceeds 900 MW under construction or operation. The Fort Green plant will power over 20,000 homes, while the Bay Trail site will serve about 23,000 homes, using innovative solar technologies. The company aims to complete its three-millionth solar panel installation in Florida, highlighting its commitment to clean energy.

Positive
  • Expansion of renewable generation with two new solar plants totaling 149.8 MW.
  • Innovative solar technologies will enhance efficiency and output.
  • Building on existing 900 MW solar capacity, further establishing Duke Energy's leadership in clean energy.
Negative
  • None.

ST. PETERSBURG, Fla., March 15, 2021 /PRNewswire/ -- Duke Energy Florida (DEF) today announced the locations of its two newest solar power plants, which continue the expansion of its renewable generation portfolio.

The solar plants are the latest milestones in the company's strategy to deliver clean energy to customers. DEF currently has more than 900 MW of solar generation under construction or in operation, and will more than quadruple the amount of in-service solar on its system over the next four years.

  • The Fort Green Power Plant will be built on approximately 500 acres in Hardee County, Fla. The 74.9-megawatt (MW) plant will consist of approximately 265,000 solar panels, utilizing a fixed-tilt racking system that will produce enough carbon-free energy to effectively power more than 20,000 average-sized homes at peak production.
  • The Bay Trail Solar Power Plant will be built on 500 acres in Citrus County, Fla. Once operational, the 74.9-MW facility will consist of approximately 197,000 tracking bifacial solar panels. Its innovative double-sided panel design is highly efficient and tracks the movement of the sun. The plant will be capable of effectively producing enough electricity to power approximately 23,000 average-sized homes at peak production.

"Citrus County welcomes the Duke Energy Bay Trail Solar Power Plant into our community," said Citrus County Commission Chair Scott E. Carnahan. "This investment promotes clean energy, brings jobs to our area and capital investment into our community. We believe this project will bring many benefits to our residents." 

The Bay Trail facility is the site of a future mining location and the Fort Green site is a former phosphate mine.

"These solar power plants are examples of how mining sites can be developed for renewable energy and benefit our communities and the environment," said Melissa Seixas, Duke Energy Florida state president. "Duke Energy Florida is delivering on what our customers want – access to clean energy at a competitive price. We are providing environmentally friendly, cost-effective and innovative solar that benefits all of our Florida customers."

Building A Smarter Energy Future®

Duke Energy Florida remains a leader in advancing clean energy in the state.

The company has now installed more than 1.9 million solar panels in Florida to date.

Once both sites are finished, the Bay Trail and Fort Green solar power plants will help Duke Energy Florida complete the installation of its three-millionth solar panel in the state.

In February 2020, Duke Energy Florida announced the installation of its one-millionth solar panel in Florida at the company's Columbia Solar Power Plant in Fort White, Fla.

Video of installation of one-millionth solar panel at Columbia Solar Power Plant

Video of Columbia plant, from drone

More information about the installation

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns a diverse generation mix of natural gas, coal and renewables, providing about 10,200 megawatts of owned electric capacity to approximately 1.9 million customers in a 13,000-square-mile service area.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on TwitterLinkedIn, Instagram and Facebook.    

Media contact: Ana Gibbs
Media line: 800.559.3853
Cell: 813.928.7263

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/duke-energy-florida-announces-2-additional-solar-sites-301247450.html

SOURCE Duke Energy

FAQ

What are the new solar power plants announced by Duke Energy Florida?

Duke Energy Florida announced the Fort Green and Bay Trail solar power plants, each with a capacity of 74.9 MW.

How much solar capacity does Duke Energy Florida currently have?

Duke Energy Florida has over 900 MW of solar generation under construction or in operation.

What is the expected impact of the new solar plants on local communities?

The new solar plants are expected to provide clean energy, create jobs, and bring capital investment to local communities.

When will the new solar power plants be operational?

The announcement does not specify the exact operational dates for the Fort Green and Bay Trail solar power plants.

How many homes can the new solar plants power?

The Fort Green plant can power over 20,000 homes, while the Bay Trail plant can power about 23,000 homes at peak production.

What is Duke Energy's commitment to renewable energy in Florida?

Duke Energy aims to complete its installation of three million solar panels in Florida, reinforcing its commitment to renewable energy.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

84.18B
771.31M
0.14%
67.4%
1.36%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE