Wind Industry Snapshot: FPL Group

Written by Jennifer Kho

FPL Group(FPL Quote), which owns utility Florida Power and Light Co., said Monday it would build less wind-power capacity than previously expected as part of a 25 percent cut in its planned 2009 capital expenditures.

Citing "the slowing economy," the company said it now plans to spend $5.3 billion on capital expenditures. Part of that budget will go toward adding 1.1 gigawatt of new wind-power generation, which is a drop from the 1.5 gigawatts previously expected.

FPL is still on track to install a total of 1.3 gigawatts of new wind capacity this year, Reuters reported. ...