July 26, 2021 Read More →

NextEra added 1,840 MW of renewables, storage to backlog in Q2

Utility Dive:

NextEra Energy subsidiary Florida Power & Light (FPL) in June “demolished” its last coal-fired plant in the state, and plans to replace it with a solar energy complex, Rebecca Kujawa, executive vice president of finance and chief financial officer, told analysts Friday during the company’s second quarter earnings call.

NextEra Energy Resources, the multi-state utility company’s renewable subsidiary, added 1,840 MW of renewable and energy storage projects to its backlog during the second quarter.

Parent company NextEra Energy reported adjusted second-quarter earnings of nearly $1.4 billion, or 71 cents per share, compared to just under $1.3 billion, or 65 cents per share, during the same period last year. Earnings per share rose more than 9% over the second quarter of 2020.

During the second quarter, NextEra reached a pair of milestones in the company’s larger drive to shift away from fossil fuels to renewable based power.

FPL “successfully commissioned” 373 MW of new solar power during the quarter. Projects included the FPL Discovery Solar Energy Center at Kennedy Space Center, Kujawa said.

With the additions, FPL has passed the 40% mark in the utility’s drive to install 30 million solar panels by 2030.

[Scott Voorhis]

More: NextEra adds 1,840 MW renewables and storage to more than 15 GW backlog in Q2

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