FPL buys 400-acre site in western Palm Beach County for $10M

FPL purchased the site from Minto Communities, and plans to create solar farm

Miami /
Jun.June 21, 2018 04:00 PM

Solar Panels, Westlake (Credit: The Regnier Group)

Florida Power & Light just paid $10 million for a 400-acre site in the western edge of Palm Beach County that it is proposing to use for a solar farm.

FPL purchased the property from Minto Communities, which is developing Westlake, a 4,500-home master-planned community. Westlake could have the county’s first large-scale utility solar plant, according to a press release.

The solar plant, if approved, can produce 74.5 megawatts of electricity, enough to power about 15,000 homes, the press release said. John Carter, a Minto vice president said in the release that Westlake will be consuming as much power as FPL will be producing from the solar energy center, creating a net zero carbon offset.

Earlier this month, FPL purchased another 1,300 acres in western Palm Beach County known as The Acreage/Loxahatchee Groves for $19.3 million.

Across Florida, FPL has installed more than 3.5 million new solar panels in less than two years. By 2023, FPL expects to increase this to more than 10 million solar panels. FPL is the third-largest electric utility in the United States, serving about 5 million customer accounts or more than 10 million people across nearly half of the state of Florida, according to its website.

Westlake is off of Seminole Pratt Whitney Road between Southern Boulevard and Northlake Boulevard. Several residents have already closed on homes and started moving into the community’s first neighborhood, the Hammocks, according to the release.


Related Articles

arrow_forward_ios
Dr. Ernst A. Langner and Nataly Langner with their Palm Beach estate (Compass, Dr. E.A. Langner-Foundation)
German entrepreneur sells oceanfront Palm Beach estate for $110M
German entrepreneur sells oceanfront Palm Beach estate for $110M
Edgar Bronfman Jr. and his Palm Beach home (Getty, 200 Regents / Sotheby's)
Liquor dynasty scion Edgar Bronfman Jr. buys Palm Beach home for $12M
Liquor dynasty scion Edgar Bronfman Jr. buys Palm Beach home for $12M
Glenn Straub and 2855 Hurlingham Drive (Casino.org, Google Maps)
Glenn Straub buys Wellington estate for $9M
Glenn Straub buys Wellington estate for $9M
(Christian J. Angle Real Estate)
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
Avenir Development's Rosa Schechter and the Avenir project in Palm Beach Gardens
Avenir developer in Palm Beach Gardens pays $69M for more acreage
Avenir developer in Palm Beach Gardens pays $69M for more acreage
Stanley C. Moss and 3621 South Ocean (Polen Capital, 3621 South Ocean)
Investment management CEO buys oceanfront Highland Beach townhome for $6M
Investment management CEO buys oceanfront Highland Beach townhome for $6M
3050 Coral Springs Drive in Coral Springs; 1361 Southeast Fourth Street in Deerfield Beach and clips from the complaints. (Google Maps, District Court of Southern Florida)
SEC charges South Floridians in alleged $9M real estate scam
SEC charges South Floridians in alleged $9M real estate scam
Greg Norman and Tommy Hilfiger (Getty, iStock)
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...