New Solar Plants Will Pay For Themselves, FPL Says

Cuomo established a clean energy standard to require that 50 percent of the state's electricity come from renewable sources by 2030.

NY state-supported solar power increased by nearly 800 percent from December 2011 to December 2016, Governor Andrew M. Cuomo announced on Tuesday, with nearly $1.5 billion leveraged in private investment. Long Island was home to more solar installations than anywhere else in the state with a total of 38,000 projects - 28,000 of which were installed over the last five years.

"New York is a national leader in clean energy, and the tremendous growth of the solar industry across this state demonstrates this renewable technology's increased accessibility and affordability for residents and businesses", Cuomo said.

Eric Silagy, president and CEO of FPL, said in a statement that the utility believes "in advancing solar affordably and responsibly for our customers and our state, and the coming years will be a game-changing time for solar in Florida".

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There were 64,926 projects were installed through the end of 2016, compared with 8,989 through the end of 2011. But the utility is shifting gears and intends to develop about 600 MW in the next couple of years alongside projects it has recently completed.

United Kingdom solar developer Island Green Power (IGP) has teamed up with local Australian renewable energy developer Overland Sun Farming to construct three large-scale solar projects in the northwest Victorian towns of Yatpool, Iraak and Wemen. "The Overland/IGP team has the experience in delivering utility-scale renewable energy projects from start to finish, which will finally realise Victoria's potential".

Each of the eight new solar plants will have a capacity of 74.5M, for a total of almost 600MW, which is enough to power approximately 120,000 homes.

The Mohawk Valley saw the greatest increase with nearly 1600% increase in megawatts installed and over 1000% increase in projects installed.

  • Toni Ryan