NextEra Energy Unit Finishes Installing 500,000 Solar Panels
Zacks Investment Research | Sep 15, 2016 09:09PM ET
Florida Power and Light Company (“FPL”), an affiliate of NextEra Energy, Inc. (NYSE:NEE) , announced that it has completed the installation of 500,000 solar panels as part of its ambitious plan to add 1 million solar panels by 2016 end.
Details of the Announcement
The panels were installed in three new solar power facilities with a cumulative generating capacity of 223.5 megawatts (“MW”), which are located in Manatee, DeSoto and Charlotte counties. FPL currently has 110 MW of large-scale solar power in service, apart from numerous other smaller installations.
FPL is capitalizing on its ability to make bulk purchase of solar panels and passing on the cost benefits to its customers in the form of affordable clean energy. Note that FPL’s residential bills are the lowest in the state and 30% below the national average. The subsidiary is also making efforts to enhance the reliability of its electric grid and to lower fuel consumption and carbon emissions, while reducing costs for its customers.
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