“This planned solar build-out includes nearly 1,200 megawatts of base rate solar projects inclusive of the approximately 450 megawatts placed in service during the first quarter that we plan to build over the next two years.”

In context

“that I previously mentioned. While we initially expected to earn below our targeted ROE in the early part of 2022, a combination of warm weather, operational efficiencies and outstanding execution by the team resulted in us achieving our targeted 11.6% ROE while using $124 million of reserve amortization available under our current settlement agreement during the first quarter. Turning to our development and planning efforts, FPL recently filed its Annual Ten-Year Site Plan that presents our recommended generation resource plan through 2031. The recommended Ten-Year Site Plan includes roughly 9,500 megawatts of new solar capacity across our service territory over the next ten years, which would result in nearly 20% of FPL's forecasted energy delivery in 2031 coming from solar generation. This planned solar build-out includes nearly 1,200 megawatts of base rate solar projects inclusive of the approximately 450 megawatts placed in service during the first quarter that we plan to build over the next two years. In addition, it includes approximately 1,800 megawatts under the SoBRA mechanism of our settlement agreement, approximately 1,800 megawatts of SolarTogether community solar projects that we expect to construct over the next four years, as well as roughly 4,700 megawatts of additional solar after 2025, that is subject to approval by the Florida Public Service Commission. FPL continues to deliver what is one of the largest-ever solar expansions in the U.S. Compared to current levels, the recommended plan projects an approximately 65% increase in zero-carbon-emissions electricity produced by the FPL system over the next decade, largely as a result of FPL’s continued rapid expansion of solar energy through the execution of its 30-by-30 plan, which we now expect to complete by 2025, and the so”