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January 7, 2022

FRP Putnam Solar PV Park, US

By Carmen

FRP Putnam Solar PV Park is a 74.5MW solar PV power project. It is planned in Florida, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 74.5 74.5 Permitting Florida, the US NextEra Energy

Description

The project is being developed and currently owned by NextEra Energy. The company has a stake of 100%.

FRP Putnam Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $80.311m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

Power Purchase Agreement

The power generated from the project will be sold to Seminole Electric Cooperative under a power purchase agreement, starting from 2023.

About NextEra Energy

NextEra Energy Inc (NEE) is an electric power and energy infrastructure company. It generates, transmits and distributes electricity; and holds investments in gas infrastructure assets. The company produces power using nuclear, coal, oil, natural gas, wind and solar sources. NEE also purchases electricity for resale, and provides risk management services related to power and gas consumption. It serves residential, commercial, industrial, wholesale and other customers in Florida; and owns, develops, constructs, manages and operates electricity generation facilities in the US and Canada wholesale energy markets. NEE is headquartered in Juno Beach, Florida, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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