More News and Commentary

Wind, solar and battery storage linked in first-of-a-kind Oregon project

Electrek: A new energy facility in eastern Oregon will be the first of its kind in the U.S., combining wind power, solar power, and battery storage on a large-scale. Portland General Electric and NextEra Energy Resources announced plans for the Wheatridge Renewable Energy Facility today. The new facility will combine 300 megawatts of wind generation, […]

February 14, 2019 Read More →

NextEra: Solar, wind and storage will be ‘massively disruptive’

PV Magazine: Only one day after the U.S. Department of Energy’s Energy Information Administration (EIA) projected that coal’s decline will slow, gas will dominate the future energy mix and that wind will peter out after the PTC ends, one of the nation’s largest and arguably its most successful power companies has a very different forecast […]

January 25, 2019 Read More →

Florida renewables giant says end of wind subsidy won’t slow new installations

Utility Dive: The wind sector is just a couple of years from seeing the PTC start declining, leading to broad questions about whether rapid growth of the resource can continue. But NextEra officials see little reason for concern as technological advances mature alongside a diminishing tax credit. [Armando Pimentel, president and CEO of NextEra Energy […]

October 25, 2018 Read More →

Unable to compete with wind, Iowa nuclear plant will close five years ahead of schedule

Utility Dive: NextEra Energy will close its 601 MW Duane Arnold nuclear plant in Iowa in late 2020 after reaching an agreement with utility Alliant to end its power purchase agreement (PPA) with the plant five years early. Nuclear plants in the U.S. are under pressure from cheap natural gas and renewables, forcing many to […]

July 30, 2018 Read More →

NextEra CFO: Battery storage is starting a ‘real revolution’ in electric industry

PV Magazine: 1.5 cents per kilowatt-hour. That’s how much NextEra Chief Financial Officer (CFO) Jim Ketchum estimates that batteries will add to the cost of solar and wind projects that the company has built over the last six to 12-months, as revealed in the company’s results call yesterday. But that’s not all. Ketchum further added […]

July 26, 2018 Read More →

NextEra’s Kelliher takes issue with Trump coal bailout

Washington Examiner: Joseph Kelliher, executive vice president of the large U.S. utility NextEra Energy, said Thursday that strengthening the U.S. pipeline system is the key to making the power grid more resilient, and in doing so took a shot at the Trump administration’s effort to subsidize coal and nuclear plants. The Trump administration argues fuel […]

July 13, 2018 Read More →

NextEra quietly builds world’s largest renewable energy company

The Wall Street Journal ($): Who is the world’s largest operator of wind and solar farms? It’s also America’s most valuable power company. Still stumped? It’s by design. “That is a marketing problem…that we foster intentionally,” Michael O’Sullivan, NextEra Energy Inc.’s head of renewable development, told University of Notre Dame students in 2015. NextEra has […]

June 19, 2018 Read More →

NextEra, FPL Continue Major Solar Expansion

PV Magazine: While power sector holdouts such as FirstEnergy get headlines by pushing for disingenuous regulatory changes in a vain attempt to make the future look like the past, many U.S. power companies are seeing the light in the low and predictable costs of large-scale wind and solar. One of the leaders in this regard […]

April 24, 2018 Read More →

Report: U.S. Tax Incentives Will Drive $20 Billion in Renewable Capex Spending Through 2018

S&P Global Market Intelligence ($): With incentives retained in the Tax Cuts and Jobs Act supporting the development of renewable energy, U.S. electric utilities and their competitive energy arms are moving ahead with certainty on planned solar investments to take advantage of the federal solar investment tax credit, or ITC, before it drops permanently to […]

March 28, 2018 Read More →

IEEFA Update: In U.S. Utility NextEra, a Template for Electricity-Generation Transition

Blazing a Trail Into the New Energy Economy

The best-performing electricity utility in the U.S. is also the world’s biggest installer of renewables. NextEra Energy Inc., a major national electricity provider with 47 gigawatts (GW) of capacity focuses on providing long-term shareholder value through investment in clean energy—and is succeeding in its strategy. The company likes to highlight that it is the world’s […]

February 2, 2018 Read More →