13.10.2009 13:30:00
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FPL to Energize Nation’s Largest Solar PV Power Plant on Oct. 20
The nation’s largest solar photovoltaic plant will power up in one week, Florida Power & Light Company announced today.
FPL’s DeSoto Next Generation Solar Energy Center in Arcadia, Fla., is expected to begin delivering clean, renewable electricity to customers on Oct. 20 – ahead of schedule and $22.2 million under budget.
The DeSoto Next Generation Solar Energy Center uses more than 90,000 photovoltaic panels to turn the sun's rays into electricity to power more than 3,000 homes.
"Large-scale solar projects such as FPL’s DeSoto Next Generation Solar Energy Center provide Florida with the opportunity to create and attract more clean-energy jobs and produce millions of dollars in new revenue for local governments while reducing greenhouse gas emissions and fighting the effects of climate change,” said FPL Vice President and Chief Development Officer Eric Silagy.
Additionally, FPL is working with local officials to secure the necessary approvals to expand the DeSoto Next Generation Solar Energy Center even further – with a potential future capacity of at least 150 megawatts.
"FPL is proud to lead the development of clean, renewable solar energy in Florida, and we are positioned to build even more with legislative and regulatory support,” said Silagy. "With the right policy in place, this and several other shovel-ready solar projects would create sustainable job growth and provide a significant economic stimulus to local economies in Florida.”
The DeSoto Next Generation Solar Energy Center is one of three new large-scale, renewable solar power plants FPL is building in Florida, along with solar energy centers in Martin County and at NASA’s Kennedy Space Center. Together, these will total 110 megawatts of capacity by the end of 2010 and are expected to make Florida the second largest solar power-producing state in the country.
FPL's Martin Next Generation Solar Energy Center, a 75-megawatt facility that will be the first hybrid solar thermal plant in the world, is currently on schedule to be completed by the end of 2010. More than 600 construction workers are on site now, and hiring will continue as the project moves forward. The Space Coast Next Generation Solar Energy Center, located on NASA property in Cape Canaveral, will add 10 megawatts of solar photovoltaic power to FPL's grid. It is on schedule to be completed by the end of first quarter 2010 and will employ more than one hundred workers during construction.
For more information about FPL’s Next Generation Solar Energy Centers, visit www.FPL.com/solar.
Florida Power & Light Company
Florida Power & Light Company (FPL) is the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. FPL serves 4.5 million customer accounts in Florida and is a leading employer in the state with nearly 11,000 employees. The company consistently outperforms national averages for service reliability while customer bills are well below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and the No. 1 energy efficiency program among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based FPL Group, Inc. (NYSE: FPL). For more information, visit www.FPL.com.
FPL Group and FPL: Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically express or involve discussion as to expectations, beliefs, plans, objectives, assumptions or future events or performance, climate change strategy or growth strategies and often, but not always, can be identified by the use of words such as "will,” "expect,” "believe,” "anticipate,” "estimate,” and similar terms. Forward-looking statements are not statements of historical facts and involve estimates, assumptions and uncertainties.
Although FPL Group, Inc. (FPL Group) and Florida Power & Light Company (FPL) believe that their expectations are reasonable, because forward-looking statements are subject to risks and uncertainties, the companies can give no assurance that the forward-looking statements contained in this press release will prove to be correct, including FPL Group’s and FPL’s expectations and assumptions with respect to the DeSoto Next Generation Solar Energy Center or FPL Group’s and FPL’s other development activities (including the Space Coast Next Generation Solar Energy Center and the Martin Next Generation Solar Energy Center). Important factors could cause FPL Group’s and FPL’s actual results to differ materially from those projected in the forward-looking statements in this press release. Factors that could have a significant impact on FPL Group’s operations and financial results, and could cause FPL Group’s and FPL’s actual results or outcomes, both generally and specifically with respect to the DeSoto Next Generation Solar Energy Center or FPL Group’s or FPL’s other development activities (including the Space Coast Next Generation Solar Energy Center and the Martin Next Generation Solar Energy Center), to differ materially from those discussed in the forward-looking statements include, among others:
- Inability to complete construction of or capital improvements to the DeSoto Next Generation Solar Energy Center or other FPL Group or FPL power generation facilities
- Inability of the DeSoto Next Generation Solar Energy Center to produce the anticipated electrical output
- Inability to obtain the supplies necessary for the construction, operation, and maintenance of the DeSoto Coast Next Generation Solar Energy Center or other FPL Group or FPL power generation facilities
- Inability to obtain the required regulatory approvals and permits for the construction and operation of other FPL Group or FPL power generation facilities
- Changes in laws, regulations, governmental policies and regulatory actions regarding the energy industry and environmental matters, in particular with respect to the deployment of solar power
- Inability of FPL Group or FPL to access capital markets or maintain its credit rating
- Inability to hire and retain skilled labor for the operation of the DeSoto Next Generation Solar Energy Center, or other changes or disruptions related to FPL Group’s or FPL’s workforce
- General economic conditions
- Hazards customary to the operation and maintenance of power generation facilities, including unanticipated outages
- Unusual or adverse weather conditions, including natural disasters
- Transmissions constraints or other factors limiting FPL Group’s or FPL’s ability to deliver energy
- Volatility in the price of energy
- Failure of FPL Group or FPL customers to perform under contracts
- Increased competition in the power industry
- Changes in the wholesale power markets
- Costs and other effects of legal and administrative proceedings
- Terrorism or other catastrophic events
These foregoing factors should be considered in connection with information regarding risks and uncertainties that may affect FPL Group’s or FPL’s future results included in FPL Group’s and FPL’s filings with the Securities and Exchange Commission, which may be found at www.sec.gov or at www.fplgroup.com.
Any forward-looking statement speaks only as of the date on which such statement is made, and FPL Group and FPL undertake no obligation to update or review any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which such statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of facts, may cause actual results to differ materially from those contained in any forward-looking statement.
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