Renewables Investment Under Threat in FPL Rate Row
Citing a negative decision on its rate proposal by the Florida Public Service Commission (PSC) as further evidence of a “deteriorating regulatory and business environment”, Florida Power & Light Company has said it will immediately suspend activities on projects representing approximately $10 billion of investment over the next five years in the state’s energy infrastructure.
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This Year in Wind Power
Over 7,000 MW of wind power are expected to be installed this year in the U.S. That’s down from 2008’s record 8,545 MW, but that still would make it the second best year in the history of the industry. Not bad, at a time when the rest of the economy tanked and the value of your primary financial policy driver became all but worthless.
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This Year in Wind Power
NextEra Completes Purchase of Wind Projects from Babcock & Brown
NextEra Energy Resources LLC, a subsidiary of FPL Group Inc has completed its previously announced acquisition of three operating wind energy projects with a combined capacity of 184.5 megawatts (MW) from Babcock & Brown.
Continue here: NextEra Completes Purchase of Wind Projects from Babcock & Brown