The utility plans to install 600 MW of photovoltaic solar energy to its fleet, which is enough electricity to power more than 100,000 homes. When the projects are complete, nearly 7% of Tampa Electric's energy generation will come from the sun.
The company is planning to invest approximately $850 million in the projects, purchasing land and solar panels.
The first phase, which includes two projects totaling almost 150 MW, is scheduled to be complete in September 2018. The second phase, which includes four projects totaling about 250 MW, is scheduled to be complete by Jan. 1, 2019. Two other phases are scheduled to be complete by Jan. 1 of 2020 and 2021.
The solar additions will significantly reduce the utility’s carbon dioxide emissions and give customers the benefits of zero fuel-cost solar generation for years to come.
"This is a continuation of Tampa Electric's longstanding commitment to clean energy," said Gordon Gillette, president and chief executive officer of the Tampa-based utility. "We have long believed in the promise of renewable energy, and we believe now is the time to add large utility-scale solar generation, as the costs of construction have come down and while federal tax credits remain in place. And Emera's philosophy is to transition power generation to less carbon intensity while remaining affordable for our customers.”
"The Southern Alliance for Clean Energy (SACE) applauds Tampa Electric's leadership on expanding solar power in the Sunshine State," said Dr. Stephen A. Smith, executive director of the Southern Alliance for Clean Energy. "We strongly feel that solar power is good for customers and the environment by diversifying the energy portfolio and by providing low-cost, zero-emissions energy for Florida's families and businesses. We look forward to working with Tampa Electric as they offer more clean energy options and embrace new technologies that will make Tampa a more resilient community."
The company has filed a request with the Public Service Commission (PSC) to approve the agreement that is making these projects possible. The agreement also includes a provision that Tampa Electric will not increase its general base rates before Jan. 1, 2022. The PSC is expected to vote on the agreement by the end of this year.
The agreement paves the way for Tampa Electric to replace its existing radio-signal meters in homes and businesses with remotely-read meters. The company also has plans for community solar, electric vehicles and battery storage that will be emerging soon.
The parties involved in the agreement include Florida's Office of Public Counsel, the Florida Retail Federation, the Florida Industrial Power User's Group, a consortium of hospitals and the federal government – representing MacDill Air Force Base.
