Florida Power & Light Acquires 40,000 Acres In Osceola From El Maximo Ranch

The sale involved a 40,000-acre ranch in Osceola, with a transaction amount of $212,000,000. The buyer was Florida Power & Light represented by Armando Pimentel Jr., while the seller was El Maximo Ranch.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $212,000,000
• Market: Osceola
• Buyer: Florida Power & Light - Armando Pimentel Jr.
• Seller: El Maximo Ranch

Florida Power & Light's purchase of the 40,000-acre ranch in Osceola for $212 million is significant as the company considers transforming it into potentially the largest solar farm in the U.S. This development, if realized, would exceed the size of the current largest solar farm in the country, Solar Star.