FPL has banner year in wind

FPL Energy, a subsidiary of FPL Group (NYSE: FPL), said today that it added more than 800 megawatts of wind projects to its portfolio in 2006, bringing its total installed capacity to 4,016 net megawatts.

FPL Energy invested more than $1 billion in 2006 on new wind projects in Texas, Minnesota and North Dakota, and purchased existing wind assets in Texas, Minnesota and California that it operated but did not previously own.

In total, FPL said it added 777 megawatts of new wind projects (18 megawatts of the total were from a 2005 project that did not get commissioned until 2006) and approximately 47 megawatts of existing assets.

In all, FPL Energy owned wind projects generated more than 9.4 million megawatt hours of electricity in 2006, the company said.

FPL Energy is a leading supplier of clean power, using natural gas, wind, solar, hydroelectric and nuclear to generate electricity. It is the world’s leader in wind energy, with 49 wind facilities in operation in 15 states.

FPL Group's principal subsidiary is Florida Power & Light Company, one of the nation's largest electric utilities, serving 4.4 million customer accounts in Florida.

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