FPL acquires nearly 1K acres in Palm Beach County for a solar farm

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August 1, 2020
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As reported in The Real Deal.

Florida Power & Light paid $17.9 million for 969 acres in western Palm Beach County, where it will likely build a solar farm.

The energy company acquired the property on the former site of the historic Moss Ranch, west of the L-8 Canal and north of Southern Boulevard. Kinston, North Carolina-based International Farming Corp. sold the property, according to a release.

Atlantic Western President Brad Scherer said that his understanding is that FPL will use the land for solar power generation.

FPL has launched a huge initiative to expand its solar production. The company has a ’30-by-30’ plan, with a goal of installing 30 million solar panels by 2030, according to its website. FPL serves more than 10 million people across the state of Florida.

In June 2018, FPL paid $10 million for a 400-acre site in the western edge of Palm Beach County for a solar farm. FPL purchased the property from Minto Communities, which is developing Westlake, a 4,500-home master-planned community.