Cheap Solar Power in Florida Drives NextEra to Doubles Capacity Plans

• Company plans to develop 20 gigawatts of solar over following decade
• Clean energy resources like solar are taking pleasure in a remarkable boom

NextEra Energy Inc. said its Florida Power & Light energy prepares to develop regarding 20 gigawatts of solar-generating capacity over the following decade, increase its previous target.

Solar has actually come to be the lowest-cost electricity source for Florida consumers, NextEra stated Tuesday, and the development will certainly safeguard them from significantly volatile natural gas prices.

" We remain to see an extremely strong renewables development environment," NextEra exec Rebecca Kujawa said throughout a teleconference on Tuesday. "If anything, I'm concerned whether we as well as everyone else have enough renewables to support need."

The solar development will enhance the percent of power FPL obtains from the sun to 35% in 2032 from about 5% last year. Clean-energy resources are experiencing a tremendous boom thanks to United States President Joe Biden's landmark climate law in addition to booming consumer as well as commercial demand. One gigawatt is approximately equal to the electric outcome of a large atomic power plant or gas-fired power plant.