February 20 (Renewables Now) - Florida-based utility Tampa Electric Co on Wednesday unveiled plans to invest around USD 800 million (EUR 740.9m) in 600 MW of new solar capacity.
In 2019, 90% of Tampa Electric’s output came from natural gas-fired power plants, 6% from coal and 4% from solar.
The company had solar photovoltaic (PV) parks with a combined capacity of around 445 MW at the end of the year. An additional 149 MW of solar systems have been placed into service in early 2020 and there are several projects in progress.
According to a filing with the US Securities and Exchange Commission (SEC), the utility intends to add an additional 600 MW of utility-scale capacity to this portfolio. While it did not provide specific details about the projects, Tampa Electric said that it will aim to commission the new plants between 2021 and 2023.
Tampa Electric, part of Canadian energy group Emera Inc (TSE:EMA), provides retail electric services in West Central Florida. The new PV capacity will be installed there following customer requests for more renewable energy, spokeswoman Cherie Jacobs told the Tampa Bay Times. The company’s calculations show that, if approved, the plan will add USD 3 on its customers’ monthly bills.
(USD 1.0 = EUR 0.926)