Duke Energy plan will add 500MW solar capacity in Florida

 Duke Energy plan will add 500MW solar capacity in Florida

Duke Energy (NYSE: DUK) plans to add up to 500-MW of utility-scale solar in Florida by 2024, as part of the company's 2015 Ten-Year Site Plan proposed to the Florida Public Service Commission (FPSC).

The addition of solar — which was filed April 1 — will enable the company to add generation beginning in 2018. By adding cleaner generation sources, the utility will be able to to retire half of its Florida coal-fired fleet by the same year.

"Innovative investments in solar energy will provide customers with more options to use this resource, while diversifying our energy mix and continuing to meet the needs of Florida's growing economy and population," said Alex Glenn, state president, Duke Energy Florida.

Construction of the first site will begin later this year, with 35-MW expected to be completed by 2018.

Recently Duke Energy Florida announced plans to build a combined-cycle natural gas-fired power plant in Citrus County, as well as upgrade its combined-cycle Hines plant in Polk County. Additionally, Duke Energy Florida will purchase Calpine's Osprey plant, also in Polk County.

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