$1.5B for Solar Thermal

09.28.07 | Comment?

Originally published at Montara Energy Ventures.

FPL’s SEGS Plant
Harper Junction solar thermal electricity plant

Via Renewable Energy Access:

FPL Group Incorporated, a generator of renewable electric power, yesterday announced a $2.4 billion investment program aimed at increasing U.S. solar thermal energy output and reducing carbon dioxide emissions that contribute to global warming.

“These new investments, coupled with our recent announcement to invest an estimated $20 billion in new wind generation, demonstrate FPL Group’s continued commitment to improve the environment.”

–Lew Hay, Chairman and CEO, FPL Group.

The majority of the investment ($1.5 billion) will go in new solar thermal generating facilities in Florida and California over the next seven years, starting with a project at FPL. FPL is planning to build 300 megawatts (MW) of solar generating capacity in Florida using Ausra, Inc.’s solar thermal technology.

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