Renewables, Wind

FPL Energy points to poor third-quarter wind energy resource

28 October 2008 — FPL Energy, the biggest U.S. renewable-energy operator, said in a conference call that third quarter wind energy conditions were the worst it had seen since starting a wind-power database in the early 1970s.

Electricity generated by FPL’s wind farms—especially in Texas and the Great Plains, came in below the projected output.

Variable weather reduced quarterly earnings by about 7 cents a share, the company said.

FPL enjoyed a better-than-average second quarter of wind. And for the year the company’s wind-power operations have generated 98 percent of the expected amount.

FPL earlier said it would push back some wind-farm development and shave about $1.7 billion off capital expenditure in 2009.

Stories of interest:

Texas wind power growth slows

FPL plans $2 billion wind project