Florida PSC Approves 25-MW Solar Contract Between Energy 5.0 & Tampa Electric Company

Energy 5.0 LLC (E5.0) announced that on December 15, the Florida Public Service Commission (FPSC) approved its contract with Tampa Electric Company to purchase solar power supplied by the Energy 5.0’s Florida Solar I Project (FS-I), a planned 25-megawatt (MW) solar photovoltaic electric generating station. For a 25 year period beginning in 2011, Tampa Electric will purchase the entire electrical output from FS-I.

The FPSC’s approval provides Tampa Electric full rate recovery of the costs associated with the power purchase agreement executed with E5.0 in February 2009. Under the terms of the E5.0-Tampa Electric agreement, E5.0 will construct, own and operate the renewable energy generating station.

E5.0 will deliver the full output of the facility to Tampa Electric at a fixed price per kilowatt hour over the life of the contract along with all the environmental attributes (RECs) associated with that energy.

The Florida Solar I Project will be located in Polk County on a site of approximately 350 acres of reclaimed phosphate mine land. Preparation of permit applications is underway, as is the work necessary to design an interconnection to the Tampa Electric system.

E5.0 plans to select a PV technology and contractor to execute the design, procurement and installation of the facility based on a competitive bid process planned for the first quarter of 2010 with construction expected to commence in the fall next year.

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