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The Florida Public Service Commission (PSC) has approved cost recovery for the third phase of Tampa Electric Company’s (TECO) solar plans, which is comprised of a pair of solar projects with a combined generation capacity of 150MW.

Bipartisan coalition of 231 mayors value solar ITC for resilient communities, jobs and investment.

The Spanish company expects that 1.2GW – or 40% of the total capacity purchased from the American IPP – to be live by 2023.

The deal, which Dominion says is largest ever brokered by a US state government, comprises four different solar projects set to come online before 2023, as well as one wind project.

The firm’s new acquisitions were unveiled just one day after reports emerged that it plans to sell a 39MW utility-scale North Carolina PV portfolio to London-headquartered US Solar Fund.

The New York City firm, which specialises in funding solar and anaerobic digesters in the US, said it will use the funding from Newlight Partners, a Soros Fund spin-off, to support projects' pre-construction phase.

The news comes weeks after the technology giant announced a raft of 1.6GW of undisclosed global renewable energy deals, including 720MW of US solar.

Independent global private asset management firm Capital Dynamics and US-based independent solar and storage developer 8minute Solar Energy have completed the 121MW Springbok 3 Solar Farm.

Cubico Sustainable Investments progresses on another project following acquisition of Cypress Creek portfolio.

As part of early coal-plant retirements, NIPSCO looks to cheaper renewables.