Released July 26, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) wrapped up another strong quarter in regard to its development of renewable energy. The company's primary subsidiary, Florida Power & Light Company (FPL), in June demolished its last coal-fired plant in Florida, with plans to replace it with solar facilities, while NextEra's nationwide renewables-focused subsidiary, NextEra Energy Resources, added substantially to its renewable energy backlog.
In the second quarter of 2021, FPL made headway with its ambitious "30-by-30" plan, which aims to install more than 30 million solar panels by 2030. In the company's recent second-quarter earnings conference call with analysts, Chief Financial Officer Rebecca Kujawa said that FPL had commissioned approximately 373 megawatts (MW) of new solar installations in the quarter. "With these new additions," she said, "FPL surpassed 40% completion of its groundbreaking 30-by-30 plan to install 30 million solar panels by 2030. FPL expects to have installed more than 15 million panels by early 2022, which would put the company more than 50% on the way towards completing its 30-by-30 plan in just over three years since the initial announcement."
FPL has plenty of active projects to achieve this goal. Active FPL solar projects include the Blue Springs Solar Energy Center in Jackson County, in the Florida Panhandle. The facility will use approximately 300,000 solar panels to generate 74.5 MW. Construction kicked off earlier this year, with completion expected by yearend. Black & Veatch Incorporated (Overland Park, Kansas) is providing engineering, procurement and construction (EPC) services. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report.
Kujawa said, "To support its solar buildout, FPL recently began installing the first components of the world's largest integrated solar power battery system, the 409-MW FPL Manatee Energy Center, which is expected to begin serving customers later this year." For more information, see Industrial Info's project report.
NextEra's renewables buildout doesn't stop with Florida. The company's nationwide subsidiary, NextEra Energy Resources, added approximately 1,840 MW of renewables and storage project to its backlog in the second quarter, including 285 MW of wind and wind repowering, 1,450 MW of solar and 105 MW of new storage.
Among Energy Resources' combined solar and storage projects is the Arlington 100-MW solar facility and 110-MW battery energy storage system (BESS) in Blythe, California, in the south of the state, near the Arizona border. Construction kicked off last year, with Cupertino Electric Incorporated (San Jose, California) providing EPC services. The solar facility is expected to be completed by the end of this year, followed by the BESS in mid-2022. For more information, see Industrial Info's projects reports on the solar facility and BESS.
The company's wind power projects include the 365-MW Clearwater Energy Windfarm near Forsyth, Montana. The windfarm will include 131 General Electric (NYSE:GE) 2.5-MW and 2.8-MW turbines. Construction kicked off earlier this year and is expected to be completed in fourth-quarter 2022. This first phase is part of a larger plan for a facility will have a capacity of up to 750 MW. For more information, see Industrial Info's project report.
While NextEra is sharpening its sights on renewables, one of the company's largest projects is for a conventional fuel source: the 1,200-MW Dania Beach Clean Energy Center in Fort Lauderdale, Florida. Construction on the natural gas-fired, combined-cycle facility began in 2019, with Black & Veatch providing EPC services. The plant is expected to begin operating in the first half of next year. For more information, see Industrial Info's project report.
On an adjusted basis, NextEra's 2021 second-quarter earnings were $1.4 billion, compared with $1.29 billion in the second quarter of 2020.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
In the second quarter of 2021, FPL made headway with its ambitious "30-by-30" plan, which aims to install more than 30 million solar panels by 2030. In the company's recent second-quarter earnings conference call with analysts, Chief Financial Officer Rebecca Kujawa said that FPL had commissioned approximately 373 megawatts (MW) of new solar installations in the quarter. "With these new additions," she said, "FPL surpassed 40% completion of its groundbreaking 30-by-30 plan to install 30 million solar panels by 2030. FPL expects to have installed more than 15 million panels by early 2022, which would put the company more than 50% on the way towards completing its 30-by-30 plan in just over three years since the initial announcement."
FPL has plenty of active projects to achieve this goal. Active FPL solar projects include the Blue Springs Solar Energy Center in Jackson County, in the Florida Panhandle. The facility will use approximately 300,000 solar panels to generate 74.5 MW. Construction kicked off earlier this year, with completion expected by yearend. Black & Veatch Incorporated (Overland Park, Kansas) is providing engineering, procurement and construction (EPC) services. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report.
Kujawa said, "To support its solar buildout, FPL recently began installing the first components of the world's largest integrated solar power battery system, the 409-MW FPL Manatee Energy Center, which is expected to begin serving customers later this year." For more information, see Industrial Info's project report.
NextEra's renewables buildout doesn't stop with Florida. The company's nationwide subsidiary, NextEra Energy Resources, added approximately 1,840 MW of renewables and storage project to its backlog in the second quarter, including 285 MW of wind and wind repowering, 1,450 MW of solar and 105 MW of new storage.
Among Energy Resources' combined solar and storage projects is the Arlington 100-MW solar facility and 110-MW battery energy storage system (BESS) in Blythe, California, in the south of the state, near the Arizona border. Construction kicked off last year, with Cupertino Electric Incorporated (San Jose, California) providing EPC services. The solar facility is expected to be completed by the end of this year, followed by the BESS in mid-2022. For more information, see Industrial Info's projects reports on the solar facility and BESS.
The company's wind power projects include the 365-MW Clearwater Energy Windfarm near Forsyth, Montana. The windfarm will include 131 General Electric (NYSE:GE) 2.5-MW and 2.8-MW turbines. Construction kicked off earlier this year and is expected to be completed in fourth-quarter 2022. This first phase is part of a larger plan for a facility will have a capacity of up to 750 MW. For more information, see Industrial Info's project report.
While NextEra is sharpening its sights on renewables, one of the company's largest projects is for a conventional fuel source: the 1,200-MW Dania Beach Clean Energy Center in Fort Lauderdale, Florida. Construction on the natural gas-fired, combined-cycle facility began in 2019, with Black & Veatch providing EPC services. The plant is expected to begin operating in the first half of next year. For more information, see Industrial Info's project report.
On an adjusted basis, NextEra's 2021 second-quarter earnings were $1.4 billion, compared with $1.29 billion in the second quarter of 2020.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
