October 15, 2007—FPL Group, Inc., one of the country’s leading generators of renewable electric power, recently announced a $2.4 billion investment program aimed at increasing U.S. solar thermal energy output and reducing carbon dioxide emissions that contribute to global warming.
FPL Group and its subsidiaries Florida Power & Light and FPL Energy have announced the following three initiatives:
- Investment of up to $1.5 billion in new solar thermal generating facilities in Florida and California over the next seven years, starting with a project at Florida Power & Light (FPL).
- Investment of up to $500 million by FPL to create a smart network that will provide its 4.5 million customers with enhanced energy management capabilities.
- The launch by FPL Energy of a new consumer education program and new products that could increase renewable energy resources by at least $400 million over the first five years of the program.
According to the announcement, these new investments, coupled FPL’s recent announcement to invest an estimated $20 billion in new wind generation, demonstrate FPL Group’s continued commitment to improve the environment.
A copy of FPL Group’s proposed carbon fee policy can be obtained on the FPL Group Web site.
