ST. PETERSBURG, Fla., Sept. 30, 2015 /PRNewswire/ -- Duke Energy Florida continues to advance the development of solar energy with the announcement of a new 3.8-megawatt solar facility in Osceola County.
The company has filed a storm water and environmental resources permit with the Florida Department of Environmental Protection. DEF will file a land development permit with the Osceola County Planning Department. The agencies' review of the permits may require up to eight weeks.
The Osceola project is the first in a strategic, long-range plan to install 35 megawatts of solar by 2018 and up to 500 megawatts of solar power in the state by 2024, ensuring residents have increasingly clean and reliable energy.
"As the cost of solar energy continues to decrease, we're increasing our investments in this resource," said Alex Glenn, Duke Energy state president – Florida. "It's part of our ongoing strategy to offer clean energy and provide customers more options to use renewable energy."
Construction of the Osceola Solar Facility will begin once permits are approved. The facility is expected to be on line in early 2016.
The Osceola facility will be built on 17 acres of a larger 25-acre parcel owned by DEF on Canoe Creek Road in Kenansville. The larger parcel includes the Canoe Creek transmission substation, owned and operated by DEF. The existing 230-kV substation will allow the new solar facility to be connected to the grid without additional easements or extensive line construction.
The company's new solar facilities will complement a new combined-cycle natural gas plant to be built in Citrus County, an upgrade of a combined-cycle energy complex in Polk County and the purchase of the Osprey Energy Center, also in Polk County.
These projects will allow the company to meet a significant need for additional energy for its customers beginning in 2018 and to retire half of its Florida coal-fired fleet by that same year.
In May, DEF received approval to build, own and operate a 5-megawatt solar facility that will serve the Reedy Creek Improvement District near Orlando.
Over the past eight years, Duke Energy has invested more than $4 billion in wind and solar facilities in 12 states. This includes the company's Stanton Solar Farm located in Orange County, which began operation in 2011. The company plans to invest about $3 billion in renewable energy over the next five years.
One megawatt of large-scale solar is equivalent to about 200 typical residential rooftop systems. The number varies by state and conditions.
Images of Duke Energy Renewables' Stanton Solar Farm in Orange County are available on Flickr.
About Duke Energy Florida
Duke Energy Florida owns coal-fired and natural gas generation providing about 9,000 megawatts of owned electric capacity to approximately 1.7 million customers in a 13,000-square-mile service area.
With its Florida regional headquarters located in St. Petersburg, Fla., Duke Energy is the largest electric power holding company in the United States. Its regulated utility operations serve approximately 7.3 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.
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Contact: Suzanne Grant
Office: 727 820-5048
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SOURCE Duke Energy