NextEra added 280 MW of new solar capacity in 2013, plans another 805 MW by 2017
Post date: 02/02/2014
NextEra Energy Resources LLC (NEER), a subsidiary of US electric company NextEra Energy Inc. that operates renewable energy, nuclear and fossil fuel power plants across North America, added 374 MW of new wind capacity and 280 MW of new solar capacity to its portfolio in 2013. The new solar capacity came from two projects being built in Riverside County, California, the Desert Sunlight Solar Farm, a 550 MW thin-film PV project being built by First Solar Inc., and the Genesis Solar Energy Project, a 250 MW parabolic trough plant being constructed by a wholly owned subsidiary of NEER. The company notes that NEER is on track to bring approximately 805 MW of additional contracted solar capacity online between 2014 and the end of 2016. The company’s 20 MW Mountainview project in Nevada came online earlier this month, and the remaining 245 MW of the Desert Sunlight and Genesis projects should enter service later this year. The company’s 250 MW McCoy project in Riverside County is scheduled to come online gradually in 2015 and 2016. The company signed contracts for 290 MW of additional solar projects in 2013 – these projects will come into service by the end of 2016. At the end of 2013, NEER’s US and Canadian wind portfolio totaled 10,210 MW and its solar portfolio stood at approximately 645 MW. NextEra’s other principal subsidiary, utility Florida Power & Light Co. operates three large-scale solar power plants in Florida totaling 110 MW.
NEER reported total revenue of $4.3 billion and net income of $556 million for full year 2013, compared to $3.9 billion and $687 million for 2012. The group as a whole achieved revenue of $15.1 billion and net income of $1.9 billion for 2013, compared to $14.3 billion and $1.9 billion for 2012.