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FPL spends $70 million on land in Myakka City and Immokalee

Florida Power & Light bought 7,000 acres along the Gulf Coast as it pours more than $30 billion into its statewide solar program.

By Louis Llovio
| 5:00 a.m. August 3, 2023
| 0 Free Articles Remaining!

Florida Power and Light is investing more than $30 billion on its statewide solar expansion.

Florida

Florida Power & Light has bought about 7,000 acres of land along the Gulf Coast — deals that closed just weeks before its parent company’s CFO told investors the energy giant expects to spend billions on its solar infrastructure in the coming years.

The purchases were made in Manatee and Collier counties, and total 16 full parcels and portions of three others. County court and property records show the company spent $30 million for 3,400 acres in Myakka City, Manatee County, on June 15 and $40.5 million for about 3,177 acres in Immokalee, Collier County, on June 30.

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Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.