Duke Energy Florida: A Beacon of Solar Progress in the Sunshine State

Duke Energy Florida has recently celebrated a significant milestone in its commitment to renewable energy, having delivered nearly 750 megawatts (MW) of solar generation in the state between 2022 and 2024. This achievement is a testament to the company's dedication to reducing its carbon footprint and contributing to Florida's clean energy goals.



The company's solar expansion has not only brought environmental benefits but also fostered economic development and job creation across the state. The construction of the 10 Clean Energy Connection solar sites created more than 1,500 temporary jobs, while contributing significant tax revenue to their respective counties. This demonstrates Duke Energy Florida's commitment to supporting local communities and boosting the state's economy.



Duke Energy Florida's solar investment strategy has also contributed to the company's long-term financial performance and shareholder value. By reducing its reliance on fossil fuels, the company has managed its fuel costs more effectively and generated revenue through the sale of renewable energy certificates (RECs). Additionally, Duke Energy's continued commitment to solar investments has resulted in approximately $56 million of corporate tax savings annually for Florida customers from the Inflation Reduction Act.

Duke Energy Florida's solar expansion aligns with the state's renewable energy targets and broader clean energy goals. The company's solar portfolio represents more than $2 billion of investment, about 1,500 MW of emission-free generation, and approximately five million solar panels in the ground by 2024. This commitment supports Florida's clean energy economy and helps the state meet its renewable energy targets.

In conclusion, Duke Energy Florida's solar expansion has brought significant economic, environmental, and financial benefits to the state and its customers. The company's commitment to renewable energy demonstrates its dedication to reducing carbon emissions, fostering economic development, and contributing to Florida's clean energy goals. As Duke Energy Florida continues to invest in solar energy, it solidifies its position as a leader in the state's clean energy transition.