Letter of Intent for 10 Megawatts of Solar Terminated
ORLANDO, Fla. – Nov. 24, 2008 – The Florida Municipal Power Agency (FMPA) announced today the termination of a letter of intent with SunEdison for a 20-year power purchase agreement to provide 10 megawatts of solar photovoltaic capacity. The letter, signed in July 2008, only expressed intent and was not binding for either party.
“Although we were unable to reach a final agreement on the scope and cost of this project, we will continue looking for opportunities that support the development of renewable generation,” said Interim General Manager Nick Guarriello.
FMPA remains fully committed to balancing a diverse mix of power generation resources, including proven, reliable technologies like power plants fueled by clean-burning natural gas, as well as innovative renewable energy technologies and conservation programs.
“We thank the SunEdison team for the opportunity to pursue this partnership, and we wish them well in the future,” Guarriello said.
Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 30 municipal electric utilities in Florida. FMPA provides economies of scale in power generation and related services to support community-owned electric utilities. The members of FMPA serve approximately two million Floridians. FMPA’s members include Alachua, Bartow, Blountstown, Bushnell, Chattahoochee, Clewiston, Fort Meade, Fort Pierce, Gainesville, Green Cove Springs, Havana, Homestead, Jacksonville Beach, Key West, Kissimmee, Lake Worth, Lakeland, Leesburg, Moore Haven, Mount Dora, New Smyrna Beach, Newberry, Ocala, Orlando, Quincy, St. Cloud, Starke, Vero Beach, Wauchula and Williston. Additional information is available on the Internet at www.fmpa.com.