S&P: Why Florida will become the Southeast’s solar leader

Located in St. Lucie County, the FPL Loggerhead Solar Energy Center celebrates the area’s favorite part-time resident: the iconic Loggerhead sea turtle. Credit: FPL
Located in St. Lucie County, the FPL Loggerhead Solar Energy Center celebrates the area’s favorite part-time resident: the iconic Loggerhead sea turtle. Credit: FPL

Utility-led expansions, competitive prices, and favorable state policies are developing Florida into the Southeast’s leader for solar capacity, according to a new report by S&P.

The state is expected to add more than 13,000 MW of solar generation installed over the next decade, the author’s stated, citing state regulators, with enough capacity coming online this year to top region-leader North Carolina.


Read more: 10 largest solar projects completed in the U.S. so far in 2021


Fast facts:

  • Total capacity in the Southeast in 2020: 12,696 MW
  • Southern Alliance for Clean Energy expects capacity to double by 2025
  • Florida has 3,909 MW solar capacity

“Utility-scale solar is now the most affordable new electricity generation infrastructure and we are seeing all utilities — municipal, electric cooperatives, and investor-owned utilities — in Florida rapidly investing in this resource,” Heather Campbell, Florida program director for Vote Solar, told S&P Global. “Some are also setting aggressive renewable energy goals, [for example,] Florida Power & Light Co.”

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S&P noted a Florida Supreme Court decision in 2019 that allowed Florida Power & Light to recover solar project costs as an additional incentive for utility-scale investment.

Read S&P’s full report, State policy, aggressive utility plans to make Florida top Southeast solar state, here.

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John Engel is the Content Director for Renewable Energy World. For the past decade, John has worked as a journalist across various mediums -- print, digital, radio, and television -- covering sports, news, and politics. He lives in Asheville, North Carolina with his wife, Malia. Have a story idea or a pitch for Renewable Energy World? Email John at john.engel@clarionevents.com.

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