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FPL Energy extends its position as the leader in renewable energy generation in the U.S.; assumes position as world's largest wind energy producer
JUNO BEACH, Fla. -- FPL Energy, LLC, a subsidiary of FPL Group (NYSE: FPL) said today it continues to extend its position as the leader in renewable energy generation in the U.S. with the addition of more than 445 megawatts of new wind capacity added to its portfolio during the first seven months of 2006. In addition to extending its position as the leader of renewable energy generation in the U.S., FPL Energy is now the largest owner and operator of wind power in the world.
FPL Energy, through its subsidiaries, currently operates 47 wind farms throughout the U.S. with a gross capacity of 3,912 megawatts – enough capacity to provide electricity for nearly one million average U.S. homes. FPL Energy subsidiaries own 3,703 of the 3,912 megawatts it currently operates. Since July 2005 FPL Energy has added more than 790 megawatts of new wind and has more than 310 megawatts under construction and expected to reach commercial operation by the end of the year. With a strong pipeline of wind projects and corresponding equipment contracts in place, FPL Energy expects to add at least 1,500 megawatts to its portfolio, excluding acquisitions, over the course of the 2006/2007 period.
FPL Energy’s clean energy strategy goes beyond wind and includes other renewable generation sources such as solar energy and hydropower. FPL Energy operates the largest solar field in the world in the Mojave Desert and generates more power from the sun than anyone else in the U.S. In addition, FPL Energy owns and operates more than 360 megawatts of hydropower in Maine.
“More than 90 percent of the nearly 13,000 megawatts of power we generate for our customers comes from clean or renewable sources,” said Jim Robo, president of FPL Energy. “Clean energy is not just a slogan for us; it’s what we believe in and where we invest our capital.”
In 2005, FPL Energy operated wind turbines generated nearly 7.3 million megawatts hours of electricity. Together these wind projects offset approximately 4.9 million tons of carbon dioxide, more than 13,000 tons of sulfur dioxide and nearly 9,000 tons on nitrogen oxide and had a cumulative direct economic impact of more than $80 million benefiting communities across the country.
During the first half of 2006, FPL Energy’s development activities helped Texas supplant historic leader California as the top state in cumulative wind power capacity, according to the American Wind Energy Association (AWEA). According to AWEA, Texas’ cumulative total now stands at 2,370 megawatts of capacity followed by California’s 2,323 megawatts. All of the megawatts added in Texas during the first half of the year were from FPL Energy projects. By the end of 2006, FPL Energy will operate more than 1,600 megawatts in Texas.
“FPL Energy leads the way in the development and operation of clean, wind energy,” said Robo. “Wind is a clean, renewable source of energy that emits no pollutants into the air or water, has a minimal impact on the local infrastructure and contributes to the economic well-being of local communities. We believe wind power and other renewable energy sources can and should play a larger role in diversifying our fuel supply and reducing power plant emissions.”
FPL Energy is a competitive energy supplier utilizing clean fuels such as, natural gas, wind, solar, hydroelectric and nuclear to generate electricity. It is a subsidiary of FPL Group (NYSE:FPL), one of the nation’s largest providers of electricity-related services with annual revenues of more than $11 billion. FPL Group’s principal subsidiary is Florida Power & Light Company, one of the nation’s largest electric utilities, serves 4.4 million customer accounts in Florida. Additional information is available on the Internet at www.FPL.com, www.FPLGroup.com and www.FPLEnergy.com.