Massive solar project for Central Florida

Good morning, !

OUC and 11 municipal utilities from across the state are teaming up to build three massive solar farms.

The groundbreaking agreement allows for 900,000 solar panels that will provide energy for as many as 45,000 . The three solar sites on 1,200 acres in rural Orange and Osceola counties will provide 223.5 megawatts. OUC will be the largest tenant, purchasing 108.5 megawatts of solar energy, or enough for more than 20,000 residential customers.

“OUC could have done this on its own, but by partnering with other municipal utilities, we can make a dramatic difference not just in Central , but really throughout the entire state,” said Clint Bullock, OUC’s general manager, and CEO. “We can leverage the economies of scale to bring the price of solar down to a point where a dozen municipal utilities can afford to sign on.”

The solar farms are expected to be completed by 2020, and exact locations in Orange and Osceola are still being finalized through a permitting process.

Luxury apartments in the pipeline for I-Drive-area project

A 64-acre mixed-use development near International Drive is gearing up to tackle its multifamily component. The whole mixed-use project will cost more than $350 million to develop and should be completed by 2019. More here.

Fun Spot debuts new Orlando ride

Fun Spot America, which opened a new Orlando ride called HeadRush 360 on May 1, now plans to spend $2 million to add a new multi-level go-kart track dubbed Samson Monster Track at its Atlanta property. More here.

Here’s how Orlando ranks for diversity

With immigration policy remaining a hot-button issue in 2018’s political landscape, WalletHub released its report on 2018’s Most Diverse Cities in America. To determine the cities with the most mixed demographics, WalletHub compared more than 500 of the largest cities across five major diversity categories: socio-economic, cultural, economic, household and religious. Orlando came in at No. 68.

Cruises from Port Canaveral to Cuba start Monday

The Norwegian Sun embarks on the first regularly scheduled cruise from Port Canaveral to Cuba on Monday, Florida Today reports. The cruises, which will depart from the port every Monday this summer, will include stops in Havana, as well as in Key West.

After weeks of jumping, mortgages rates take a modest dip

U.S. mortgage rates fell last week after rising to their highest level in four years, according to Freddie Mac. The 30-year fixed mortgage averaged 4.55% for the week ending May 3, down from 4.58% the previous week. Favorable mortgage rates have helped drive U.S. home sales, as well as the refinance market.