Tampa Electric (TE) on Monday said that it has entered into a contract to buy solar power supplied by Energy 5.0's Florida Solar I facility, a proposed 25-megawatt solar PV electric generating station, for a 25-year period beginning in 2011.
The company has filed a petition with the Florida Public Service Commission for approval to purchase the energy generated by the solar facility. The solar energy contract was awarded to Energy 5.0, the successful bidder in Tampa Electric's 2007 Renewable Generation Request for Proposals.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.