Nextera Energy Resources aims to construct 30 GW of new renewables by 2024

Nextera PV plant in Oregon

US renewable energy power plant operator Nextera Energy Resources LLC, subsidiary of power utility Nextera Energy Inc., aims to construct approximately 23 to 30 GW of new renewables in the 2021 to 2024 timeframe. »If we are successful, it would mean adding a portfolio of generation projects that is approximately one-and-a-half times the size of Nextera Energy Resources' entire operating renewables portfolio as of year-end 2019,« said Nextera Energy Inc. on the occasion of the announcement of its fourth-quarter and full-year 2020 financial results.
Nextera Energy Resources is expected to develop between 10,525 MW and 12,700 MW of wind, solar and energy storage projects through 2021/2022 (signed contracts: 9,321 MW), including 4,800 to 5,600 MW solar projects (signed contracts: 4,173 MW). Furthermore, the company expects to develop 12,150 MW to 17,300 MW renewables through the period 2023/2024 (contracted: 4,226 MW), which includes 7,000 to 8,800 MW PV (signed contracts: 2,842 MW). In total, Energy Resources aims to develop 22,675 to 30,000 MW in the period from 2021 to 2024, including 11,800 to 14,400 solar projects. Currently the company has renewable facilities with 7,902 MW in service, including 1,466 MW solar.
The company commissioned approximately 5,750 MW of wind, solar and storage projects in the past year and doubled the amount versus 2019. Nextera Energy Resources has added 7,000 MW of renewable projects to its backlog; around 2.000 MW were added in the fourth quarter 2020, including approximately 1,030 MW of new wind and wind repowerings, 670 MW of solar and 300 MW of battery storage.
Nextera Energy Inc. reported 2020 fourth-quarter net losses of $5 million compared to net income of $975 million for the fourth quarter of 2019. For the full year 2020, net income was $2.919 billion (2019: $3.769 billion).
Nextera Energy Resources's fourth-quarter 2020 net loss was $644 million. For the full year 2020, net income is $531 million compared to $1.807 billion in 2019.

Related News