Tampa Electric announced this week its plans to double the number of homes it powers by solar energy from 100,000 today to 200,000 by 2023.
“These significant milestones are improving the land, water and air for all Tampa Electric customers,” said Nancy Tower, President and CEO of Tampa Electric. “We are saving our customers money, while becoming cleaner and greener in measurable ways.
But Tampa Electric is not stopping there. It has already begun construction on the next wave of 600 MW of solar, with four projects totaling 225 MW scheduled to be complete by the end of 2021. Upon completion, Tampa Electric projects will produce enough solar energy to power 200,000 Florida homes. This carbon reduction resulting from this effort is equivalent to the removal of one million cars from the roads.
The company also plans to retire a coal unit, Big Bend Unit 3, in 2023, nearly two decades early. Tampa Electric’s Big Bend 3 began operating as a coal unit in 1976 with a life expectancy of 65 years. Tampa Electric’s move to retire the unit 18 years early will save customers money, as continuing the unit’s operation past 2023 would require significant capital investments for improvements.
Tampa Electric previously announced its plans to retire Big Bend Unit 2 in November 2021. The retirement of Unit 2 is part of the $850 million Big Bend Modernization project scheduled to be completed by 2023. This project will have combined-cycle natural gas units that are highly efficient and capable of producing 1,090 megawatts of electricity.
The modernization of these power plants increases the efficiency of fuel generation and lowers the costs for consumers and the emissions being produced, proving once again that Tampa Electric is dedicated to transitioning power generation to less carbon intensity while also maintaining affordable rates for customers.