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
Inventory for single-family homes and condos fell, indicating a seller’s market (Getty)
South Florida residential sales soar to $8B in June, led by luxury buys
South Florida residential sales soar to $8B in June, led by luxury buys
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
Walton Street Capital Managing Partner Eric Mogentale with the complex (Alta Developers, Walton Street Capital)
Walton Street Capital buys Boynton Beach apartments for $93M
Walton Street Capital buys Boynton Beach apartments for $93M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
CP Group Managing Partner Angelo Bianco with One Town Center (CP Group)
Singaporean REIT pays $100M for One Town Center office building in Boca Raton
Singaporean REIT pays $100M for One Town Center office building in Boca Raton
Lease roundup: Apparel company inks 142K sf lease in Miami Gardens & more
Lease roundup: Apparel company inks 142K sf lease in Miami Gardens & more
Lease roundup: Apparel company inks 142K sf lease in Miami Gardens & more
5900 Northwest Broken Sound Parkway and Pebb Enterprises President and CEO Ian Weiner (CBRE, Pebb)
Pebb Enterprises buys Boca Raton office building for $15M
Pebb Enterprises buys Boca Raton office building for $15M
Alina Residences in Boca Raton (Alina Residences)
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
arrow_forward_ios

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

Loading...