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Released October 23, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) is moving along with solar energy and natural gas-fired projects in its home state of Florida and is progressing with other renewable energy projects throughout the U.S. In Florida, the company is underway with its "30-by-30" plan, which aims to install more than 30 million solar panels by 2030 in Florida, one of the largest solar buildouts in the nation.
In the company's recent third-quarter conference call, NextEra Chief Financial Officer Rebecca Kujawa gave updates on the company's plans and projects. Kujawa said the capital projects of major subsidiary Florida Power & Company (FPL) (Juno Beach) remained on time and on budget, and that the company expected 2019 capital expenditures of between $5.7 billion and $6.1 billion.
Among NextEra's solar projects is the 74.5-megawatt (MW), $110 million Blue Indigo solar energy center in Jackson County, Florida, which the company is building under the auspices of subsidiary Gulf Power Company (Pensacola, Florida), which it acquired from Southern Company (NYSE:SO) (Atlanta, Georgia) at the beginning of this year. Kujawa said, "The Blue Indigo solar project, which is Gulf Power's first solar development project, is expected to go in service in early 2020 and generate significant customer savings over its lifetime." Construction on the facility began this summer. The solar farm will use 300,000 solar modules on a single-axis tracking system. For more information, see Industrial Info's project reports on the solar farm and collector substation.
FPL is underway with 10 solar projects, which Kujawa said were on budget and on schedule to begin to provide power in 2020. Among these is the Echo River solar project in Live Oak, Florida, about halfway between Tallahassee and Jacksonville. Construction on the 74.5-MW facility kicked off earlier this year and is expected to be completed in first-quarter 2020. Black & Veatch Incorporated (Overland Park, Kansas) is providing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $80 million. For more information, see Industrial Info's project report.
Among NextEra's largest projects is the Dania Beach Clean Energy Center, a natural gas-fired facility in Fort Lauderdale, Florida. Kujawa said, "Beyond solar, construction on the highly efficient, roughly 1,200-MW Dania Beach Clean Energy Center continues to advance toward its commercial operations date in 2022." Construction on the facility began recently, with Black & Veatch providing EPC. The project has an estimated TIV of $888 million. For more information, see Industrial Info's project report.
Also this year, NextEra brought online the 1,600-MW Okeechobee Clean Energy Center in Okeechobee, Florida. Construction on the $2.17 billion project began in early 2017, with Zachry Industrial Services Group (San Antonio, Texas) providing EPC. For more information, see Industrial Info's project report.
While the natural gas-fired and solar projects in Florida are adding a good deal of generating capacity to that state, the company also is expanding its renewable energy footprint elsewhere. In Iowa, NextEra plans to close the state's only nuclear power plant, the 606-MW Duane Arnold plant, by the end of next year. Decommissioning and dismantlement of the facility are expected to begin in 2021. For more information, see Industrial Info's project report. According to Power Magazine, NextEra will compensate for some of utility holding company Alliant Energy Corporation's (NASDAQ:LNT) (Madison, Wisconsin) lost power through power purchase agreements with four of NextEra's repowered windfarms in the state. Among NextEra's Iowa repower projects being tracked by Industrial Info is that of the 150-MW Story County Wind Energy Center near Zearing. The site contains 200 General Electric (NYSE:GE) wind turbines, and the project entails replacing some of the 77-meter rotors with 87-meter rotors, along with meter blades. Construction on the project began this summer and is expected to be completed later this year. For more information, see Industrial Info's project report.
NextEra also is developing projects in other wind-heavy areas such as North Dakota, South Dakota and Kansas. In Texas, NextEra is underway with a 200-MW Phase II addition at its Blue Summit Windfarm near Vernon. Construction began this summer and entails installing 80 General Electric 2.5-MW wind turbines. Blattner Energy Incorporated (Avon, Minnesota) is providing EPC. The $350 million project is expected to be completed by the end of this year. For more information, see Industrial Info's project report.
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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
In the company's recent third-quarter conference call, NextEra Chief Financial Officer Rebecca Kujawa gave updates on the company's plans and projects. Kujawa said the capital projects of major subsidiary Florida Power & Company (FPL) (Juno Beach) remained on time and on budget, and that the company expected 2019 capital expenditures of between $5.7 billion and $6.1 billion.
Among NextEra's solar projects is the 74.5-megawatt (MW), $110 million Blue Indigo solar energy center in Jackson County, Florida, which the company is building under the auspices of subsidiary Gulf Power Company (Pensacola, Florida), which it acquired from Southern Company (NYSE:SO) (Atlanta, Georgia) at the beginning of this year. Kujawa said, "The Blue Indigo solar project, which is Gulf Power's first solar development project, is expected to go in service in early 2020 and generate significant customer savings over its lifetime." Construction on the facility began this summer. The solar farm will use 300,000 solar modules on a single-axis tracking system. For more information, see Industrial Info's project reports on the solar farm and collector substation.
FPL is underway with 10 solar projects, which Kujawa said were on budget and on schedule to begin to provide power in 2020. Among these is the Echo River solar project in Live Oak, Florida, about halfway between Tallahassee and Jacksonville. Construction on the 74.5-MW facility kicked off earlier this year and is expected to be completed in first-quarter 2020. Black & Veatch Incorporated (Overland Park, Kansas) is providing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $80 million. For more information, see Industrial Info's project report.
Among NextEra's largest projects is the Dania Beach Clean Energy Center, a natural gas-fired facility in Fort Lauderdale, Florida. Kujawa said, "Beyond solar, construction on the highly efficient, roughly 1,200-MW Dania Beach Clean Energy Center continues to advance toward its commercial operations date in 2022." Construction on the facility began recently, with Black & Veatch providing EPC. The project has an estimated TIV of $888 million. For more information, see Industrial Info's project report.
Also this year, NextEra brought online the 1,600-MW Okeechobee Clean Energy Center in Okeechobee, Florida. Construction on the $2.17 billion project began in early 2017, with Zachry Industrial Services Group (San Antonio, Texas) providing EPC. For more information, see Industrial Info's project report.
While the natural gas-fired and solar projects in Florida are adding a good deal of generating capacity to that state, the company also is expanding its renewable energy footprint elsewhere. In Iowa, NextEra plans to close the state's only nuclear power plant, the 606-MW Duane Arnold plant, by the end of next year. Decommissioning and dismantlement of the facility are expected to begin in 2021. For more information, see Industrial Info's project report. According to Power Magazine, NextEra will compensate for some of utility holding company Alliant Energy Corporation's (NASDAQ:LNT) (Madison, Wisconsin) lost power through power purchase agreements with four of NextEra's repowered windfarms in the state. Among NextEra's Iowa repower projects being tracked by Industrial Info is that of the 150-MW Story County Wind Energy Center near Zearing. The site contains 200 General Electric (NYSE:GE) wind turbines, and the project entails replacing some of the 77-meter rotors with 87-meter rotors, along with meter blades. Construction on the project began this summer and is expected to be completed later this year. For more information, see Industrial Info's project report.
NextEra also is developing projects in other wind-heavy areas such as North Dakota, South Dakota and Kansas. In Texas, NextEra is underway with a 200-MW Phase II addition at its Blue Summit Windfarm near Vernon. Construction began this summer and entails installing 80 General Electric 2.5-MW wind turbines. Blattner Energy Incorporated (Avon, Minnesota) is providing EPC. The $350 million project is expected to be completed by the end of this year. For more information, see Industrial Info's project report.
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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
