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Duke Power Doles Out Big Bucks In Florida For Solar Power

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The utility giant’s Florida subsidiary has issued a $700 million green bond which will be used to develop solar in pursuit of the company’s 700 MW by 2022 goal in Florida.

 

 

 

700 MW of solar is a lot of solar. That may be the most obvious statement ever put on this site, but don’t leave just yet –  this is going somewhere. 700 MW by 2022 is a lot of solar in a short time. 700 MW by 2022, all in Florida, all procured from a utility subsidiary, is whatever you want to call it: lofty, ambitious, necessary.

 

That (insert adjective you decided upon in the previous sentence) plan is being put forward by a subsidiary of  Duke Energy, Duke Energy Florida. It is also a plan which has taken a huge step towards realization, as the company has raised a $700 million debt issuance for the utility’s first green bond. According to the company, the bond will be used to “finance eligible green energy projects, including the development, construction and procurement of solar generation and utility-scale battery storage projects.”

 

At the same time, Duke Energy Florida issued a $200 million bond, with the cash from this one going into covering costs associated with Hurricane Dorian, as well as other general corporate purposes. In the past 12 months, Duke Energy has issued three green bonds: $1 billion by Duke Energy Carolinas in November 2018, $600 million by Duke Energy Progress in March 2019 and this $700 million bond. The three represent a $2.3 billion financial commitment to renewable generation development.

 

Just as 700 MW is a lot of solar, $700 million is, you guessed it, a lot of money. For some perspective, Duke is putting more money towards the development of utility-scale renewable energy in Florida than the combined payrolls of the Boston Red Sox, Chicago Cubs and New York Yankees, the three highest in baseball, a notoriously cash-bloated sport.

 

As for how Duke will use the cash, the company’s inclusion of “including the development, construction and procurement of solar generation” in the corporate announcement seems pretty telling. In regards to that 700 MW by 2022 goal, the company currently has 345 MW installed or currently under construction.

 

And there are always the Jones to keep up with and for Duke Energy Florida, Florida Power & Light (FPL) plays the part. You may remember FPL’s campaign to install 30 million solar panels – somewhere between 10 and 13 GWdc, depending on the modules used – by 2030, dubbed “30 x 30.”

 

The projects already constructed under this plan could provide some hints as to how Duke will use this bond. Nearly all large-scale solar projects in Florida, Duke’s included, come in at 74.5 MW, because once they hit 75 MW a whole bunch more regulations and pre-development requirements come into play, which can significantly slow down a project. So while it isn’t concrete, it is likely that Duke’s planned projects will also be 74.5 MW.

 

Most recently FPL announced plans to develop one of those 74.5 MW projects right near the Kennedy Space Center. The project is set to cost $100 million. While that does not mean Duke’s projects will be identical, it provides at least a basic baseline. Using said baseline, this $700 million investment by Duke could achieve a maximum capacity of 521.5 MW, more than enough for the company’s 700 MW by 2022 goal.

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Oh man....just bad news after bad news for the Uneducated redneck party from HELLL

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Bloomberg

BlackRock Raises $1 Billion For Clean Power as Wind, Solar Boom

By 
December 4, 2019, 7:00 AM EST
 

Here’s the latest indicator of how hungry investors are to profit from clean energy: BlackRock just raised $1 billion for wind, solar and battery-storage projects.

 
 

The world’s largest money manager received initial commitments from over 35 institutional investors in North America, Europe and Asia for its third global renewables fund. It’s the most BlackRock has raised yet for a clean-power fund’s first close.

 
 

Renewable energy is becoming “one of the most active sectors in infrastructure,” said David Giordano, global head of BlackRock renewable power. It comes, he said, “as global power generation shifts from two-thirds fossil fuels to two-thirds renewables over the next few decades.”

 
 

Clean-energy investments have surged as much of the world pushes to move beyond fossil fuels to fight climate change. Wind, solar and other forms of renewable power will attract about $322 billion annually through 2025, according to the International Energy Agency. That’s almost triple the $116 billion a year that will go into fossil-fuel plants.

 

Read More: Clean Energy Investment Is Set to Hit $2.6 Trillion This Decade

 

BlackRock Real Assets aims to raise a total of $2.5 billion for the fund, Giordano said. Its renewable power group manages $5.5 billion in assets. Its first renewables fund raised $611 million and is full invested. The second one raised $1.65 billion and has committed nearly all of it.

 

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6 minutes ago, benson13 said:

The utility giant’s Florida subsidiary has issued a $700 million green bond which will be used to develop solar in pursuit of the company’s 700 MW by 2022 goal in Florida.

 

 

ROFLMAO!!!!
 

Did they ALSO tell you that they spent triple that to CONVERT PLANTS TO NAT GAS FIRED???

 

Because they get 100 times MORE BANG FOR THEIR BUCKAROOS!!!

 

That's 7 TERRAWATTS there beanie that they are using NAT GAS FIRED POWER PLANTS that take up about 1/10000th the space your little SOLAR LAND DESTRUCTION has to do.

 

And you claim you are for "protecting the environment'?? When SOLAR DESTROYS ALL HABITAT IT IS PLACED IN??

 

God, you are one HYPOCRITICAL MORON.

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15 minutes ago, benson13 said:

Oh man....just bad news after bad news for the Uneducated redneck party from HELLL

scam that never ends until this species becomes extinct or changes its global mentality. more odds favor extinction than you admitting reality is just social street theater where the minority in charge figure out ways to stay in power ancestrally from now on.

 

Psychological class warfare is the prime motivation between passive aggressive natrratives of "We said so and and anyone not playing alone will pay the consequences of not obeying truisms in scripture and rule of law.

 

Gontext governs, ancestors enforce the vocabulary..

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This is far worse than I thought it was...

 

"Studies have found that wind turbines are a dangerous threat to bats, high-conservation value birds, and insect populations that are a major supply of food to bats and birds. Insects, birds, bats, and wind farm developers are attracted to the same thing—high wind speeds. Wind farms in Europe and the United States are being built in the path of migration trails that have been used by insects and birds for millions of years. Researchers found that wind turbines in Germany resulted in a loss of about 1.2 trillion insects of different species each year. Researchers in India found almost four times fewer buzzards, hawks, and kites in areas with wind farms—a loss of about 75 percent. They found that wind turbines are akin to adding a top predator to the ecosystem, killing off birds, but allowing small animals to increase their populations resulting in a trickle effect throughout the ecosystem."

 

"Wind turbines have also become one of the greatest human threats to many species of large, threatened and high-conservation value birds. Wind energy threatens golden eagles, bald eagles, burrowing owls, red-tailed hawks, white-tailed kites, peregrine falcons, and prairie falcons, among others. The expansion of wind turbines could result in the extinction of the golden eagle in the western United States, where its population is at a very low level."

 

"Wind developers and operators should not be given a free rein to kill birds, bats, and insects and to disrupt the ecosystem. They should be held accountable for these deaths and be fined as any other industry. The problem will only get worse as more wind farms are forced onto the grid as state mandates for renewable energy are achieved."

 

https://www.instituteforenergyresearch.org/renewable/wind/wind-turbines-against-nature/?gclid=Cj0KCQiAz53vBRCpARIsAPPsz8U0PPQnZcrHSc8PnBsRLpSUamvkSiHRXKDq-ECHo2AyU11SxYfGtcUaAouvEALw_wcB

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You've chosen to ignore content by sole result

 

 

 

Like the rest of the Room has.....

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11 minutes ago, MidnightMax said:

after-boom-smiley-emoticon.png

 

That's 7 TERRAWATTS there beanie that they are using NAT GAS FIRED POWER PLANTS that take up about 1/10000th the space your little SOLAR LAND DESTRUCTION has to do.

 

And you claim you are for "protecting the environment'?? When SOLAR DESTROYS ALL HABITAT IT IS PLACED IN??

 

God, you are one HYPOCRITICAL MORON.

 

laughing-smiley-face.gif

 

 

Quote

 

It's Now Cheaper To Build A New Wind Farm!!

November 16, 2018

 

"Inflation dictates that the cost of living will continue to riseexcept, it seems, when it comes to renewable energy. The cost of building a new utility-scale solar or wind farm has now dropped below the cost of operating an existing coal plant, according to an analysis by the investment bank Lazard. Accounting for government tax credits and other energy incentives would bring the cost even lower.

 

"There are some scenarios, in some parts of the U.S., where it is cheaper to build and operate wind and solar than keep a coal plant running," said a Lazard banker who was involved in the report. "You have seen coal plants shutting down because of this."

 

The bank noted that this analysis applies to developed economies, and excludes places like India and China, parts of which are very dependent on coal. But in the U.S., coal plant construction has ground to a near halt, and many utilities are successfully making the case for renewables to their customers. This year has seen the second-higher number of coal plant retirements on record."

 

abbie_hoffman.jpg?w=600

 

 

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10 minutes ago, personreal said:

220px-Acne_vulgaris_ill_artlibre_jn.png

Exponentially more birds are killed by wind turbines than oil...this doesn't even count the birds killed by solar panels.

"Which Kills More Birds? Oil Spills, or Windmills?"

https://www.investors.com/politics/commentary/windmills-and-solar-plans-kill-far-birds-than-oil-spills/

 

 

 

Quote

 

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1 hour ago, benson13 said:

Oh man....just bad news after bad news for the Uneducated redneck party from HELLL

This is the guy that will bitch to no end when their business pays no taxes for the next ten years. 😂

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1 hour ago, benson13 said:

The utility giant’s Florida subsidiary has issued a $700 million green bond which will be used to develop solar in pursuit of the company’s 700 MW by 2022 goal in Florida.

 

 

 

700 MW of solar is a lot of solar. That may be the most obvious statement ever put on this site, but don’t leave just yet –  this is going somewhere. 700 MW by 2022 is a lot of solar in a short time. 700 MW by 2022, all in Florida, all procured from a utility subsidiary, is whatever you want to call it: lofty, ambitious, necessary.

 

That (insert adjective you decided upon in the previous sentence) plan is being put forward by a subsidiary of  Duke Energy, Duke Energy Florida. It is also a plan which has taken a huge step towards realization, as the company has raised a $700 million debt issuance for the utility’s first green bond. According to the company, the bond will be used to “finance eligible green energy projects, including the development, construction and procurement of solar generation and utility-scale battery storage projects.”

 

At the same time, Duke Energy Florida issued a $200 million bond, with the cash from this one going into covering costs associated with Hurricane Dorian, as well as other general corporate purposes. In the past 12 months, Duke Energy has issued three green bonds: $1 billion by Duke Energy Carolinas in November 2018, $600 million by Duke Energy Progress in March 2019 and this $700 million bond. The three represent a $2.3 billion financial commitment to renewable generation development.

 

Just as 700 MW is a lot of solar, $700 million is, you guessed it, a lot of money. For some perspective, Duke is putting more money towards the development of utility-scale renewable energy in Florida than the combined payrolls of the Boston Red Sox, Chicago Cubs and New York Yankees, the three highest in baseball, a notoriously cash-bloated sport.

 

As for how Duke will use the cash, the company’s inclusion of “including the development, construction and procurement of solar generation” in the corporate announcement seems pretty telling. In regards to that 700 MW by 2022 goal, the company currently has 345 MW installed or currently under construction.

 

And there are always the Jones to keep up with and for Duke Energy Florida, Florida Power & Light (FPL) plays the part. You may remember FPL’s campaign to install 30 million solar panels – somewhere between 10 and 13 GWdc, depending on the modules used – by 2030, dubbed “30 x 30.”

 

The projects already constructed under this plan could provide some hints as to how Duke will use this bond. Nearly all large-scale solar projects in Florida, Duke’s included, come in at 74.5 MW, because once they hit 75 MW a whole bunch more regulations and pre-development requirements come into play, which can significantly slow down a project. So while it isn’t concrete, it is likely that Duke’s planned projects will also be 74.5 MW.

 

Most recently FPL announced plans to develop one of those 74.5 MW projects right near the Kennedy Space Center. The project is set to cost $100 million. While that does not mean Duke’s projects will be identical, it provides at least a basic baseline. Using said baseline, this $700 million investment by Duke could achieve a maximum capacity of 521.5 MW, more than enough for the company’s 700 MW by 2022 goal.

OMG, THOSE EVIL ENERGY COMPANIES,, TOO BAD WE DIDNT LET YOU FOOLS BANKRUPT THEM LIKE YOU WANT TO HUH?

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5 hours ago, benson13 said:

Oh man....just bad news after bad news for the Uneducated redneck party from HELLL

Ignoring me won't harm you a bit, ignoring how life actually exists will have you working against yourself cradle to grave helping those teaching you self deception is a greater good everyone does socially.

 

What goes around comes around. Action is equal reaction.

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You've chosen to ignore content by 123Child 

You've chosen to ignore content by sole result
 
 
 
 
Like the rest of the Room has.....

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1 hour ago, benson13 said:
You've chosen to ignore content by 123Child 

 

You've chosen to ignore content by sole result
 
 
 
 
Like the rest of the Room has.....

Ignoring is the real cause of ignorance. then comes stupidity for doing the same mistakes hundreds of generations from now on.

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9 hours ago, benson13 said:

Oh man....just bad news after bad news for the Uneducated redneck party from HELLL

 

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