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FPL announces plan to more than triple new solar capacity by 2030

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FPL announces plan to more than triple new solar capacity by 2030

Florida Power & Light Co. plans to triple its new solar capacity and significantly reduce its carbon dioxide emissions by 2030 as part of a newly unveiled clean energy plan.

The NextEra Energy Inc. subsidiary, known as FPL, on Jan. 16 announced its goal to install more than 30 million solar panels by 2030, building on its previous plan to install more than 10 million solar panels from 2016 to 2023. In April 2017, FPL announced its intention to increase its solar capacity by 2,100 MW over the next seven years.

The new "30-by-30" initiative would likely increase this new solar capacity to more than 6,000 MW.

"The end result will be the largest installation of solar panels by a regulated utility in the world and a 67 percent fleet-wide reduction in carbon dioxide (CO2) emissions rate by 2030 as compared to the national average," FPL said in a news release.

The company, which has its sights set on becoming the country's "largest utility owner and operator of solar," said it will also invest heavily in advanced battery storage technology.

"FPL is not your traditional electric company," FPL President and CEO Eric Silagy said in the news release. "We're a technology company that delivers power, and we've long believed in making smart, forward-thinking infrastructure investments to produce tangible, long-term benefits — cleaner air, lower electric rates and reliable service — for our customers and our state. Now we're taking our long-standing clean energy commitment to the next level."

FPL noted that its planned renewable energy and storage additions, combined with its St. Lucie and Turkey Point nuclear plants, are projected to generate more than 40% of the company's electricity emissions-free by 2030.