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Released October 24, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) reported third-quarter 2018 net income just topping $1 billion, compared with $875 million in third-quarter 2017. The company is progressing with several renewable energy projects throughout the U.S. and two large natural gas-fired power projects in Florida. Industrial Info is tracking $22 billion in NextEra Energy projects.
Under the Solar Base Rate Adjustment (SoBRA) plan, NextEra's main subsidiary Florida Power & Light (FPL) is underway with the construction of four 74.5-megawatt (MW) solar facilities in Florida. In the company's conference call, Chief Financial Officer John Ketchum said, "The four solar sites totaling nearly 300 MW of combined capacity that are currently being built across FPL's service territory are all on track and on budget to begin providing cost-effective energy to FPL customers in early 2019. These projects are a continuation of one of the largest solar expansions ever in the U.S. and are part of FPL's plans for a significant increase in new solar projects across Florida over the coming years."
Among these solar projects is the Pioneer Trail Solar Center near Cassadaga, Florida. Construction on the $122.9 million project began this summer and is expected to be completed in the first quarter of 2019. Black & Veatch Incorporated (Overland Park, Kansas) is providing engineering, procurement and construction (EPC). For more information, see Industrial Info's project report.
Also underway is the 74.5-MW Interstate Solar Center near Port Saint Lucie, Florida. Construction on the plant, which will use 300,000 photovoltaic solar modules, also began this summer and is expected to be completed in first-quarter 2019. Black & Veatch is handling EPC. For more information, see Industrial Info's project report.
NextEra's solar buildout seems set to continue. Ketchum said that the company had secured sites in Florida that could potentially support up to 6 gigawatts of additional solar growth.
NextEra is also underway with two large gas-fired projects in its home state. Ketchum said construction of the 1,750-MW Okeechobee Clean Energy Center in Okeechobee, Florida, remains on budget and on schedule to enter service in mid-2019. Construction on the $1.2 billion plant began in early 2017, with Zachry Industrial Services Group (San Antonio, Texas) providing EPC. The combined-cycle plant will use three General Electric (NYSE:GE) combustion turbine generators and a Siemens steam turbine generator. For more information, see Industrial Info's project report.
NextEra remains in the planning stages for the Dania Beach Clean Energy Center near Fort Lauderdale, Florida. Ketchum said, "The roughly 1,200-MW Dania Beach Clean Energy Center continues to advance through development and is scheduled for siting board approval later this quarter to support its project commercial operation date in 2022." Construction on the project could begin in the second half of next year. For more information, see Industrial Info's project report.
While Florida remains NextEra's key geographic territory, the company is branching out with renewable energy projects in other states, including solar projects in California and wind projects in North Dakota. In Texas, NextEra is underway with construction of the 300-MW Torrecillas Wind Energy Project in the southern part of the state. The facility will use 120 General Electric 2.5-MW turbine generators. Construction began this summer and is expected to take a little more than a year to complete. Blattner Energy Incorporated (Avon, Minnesota) is providing EPC on the project, which has an estimated total investment value of $495 million. 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.
Under the Solar Base Rate Adjustment (SoBRA) plan, NextEra's main subsidiary Florida Power & Light (FPL) is underway with the construction of four 74.5-megawatt (MW) solar facilities in Florida. In the company's conference call, Chief Financial Officer John Ketchum said, "The four solar sites totaling nearly 300 MW of combined capacity that are currently being built across FPL's service territory are all on track and on budget to begin providing cost-effective energy to FPL customers in early 2019. These projects are a continuation of one of the largest solar expansions ever in the U.S. and are part of FPL's plans for a significant increase in new solar projects across Florida over the coming years."
Among these solar projects is the Pioneer Trail Solar Center near Cassadaga, Florida. Construction on the $122.9 million project began this summer and is expected to be completed in the first quarter of 2019. Black & Veatch Incorporated (Overland Park, Kansas) is providing engineering, procurement and construction (EPC). For more information, see Industrial Info's project report.
Also underway is the 74.5-MW Interstate Solar Center near Port Saint Lucie, Florida. Construction on the plant, which will use 300,000 photovoltaic solar modules, also began this summer and is expected to be completed in first-quarter 2019. Black & Veatch is handling EPC. For more information, see Industrial Info's project report.
NextEra's solar buildout seems set to continue. Ketchum said that the company had secured sites in Florida that could potentially support up to 6 gigawatts of additional solar growth.
NextEra is also underway with two large gas-fired projects in its home state. Ketchum said construction of the 1,750-MW Okeechobee Clean Energy Center in Okeechobee, Florida, remains on budget and on schedule to enter service in mid-2019. Construction on the $1.2 billion plant began in early 2017, with Zachry Industrial Services Group (San Antonio, Texas) providing EPC. The combined-cycle plant will use three General Electric (NYSE:GE) combustion turbine generators and a Siemens steam turbine generator. For more information, see Industrial Info's project report.
NextEra remains in the planning stages for the Dania Beach Clean Energy Center near Fort Lauderdale, Florida. Ketchum said, "The roughly 1,200-MW Dania Beach Clean Energy Center continues to advance through development and is scheduled for siting board approval later this quarter to support its project commercial operation date in 2022." Construction on the project could begin in the second half of next year. For more information, see Industrial Info's project report.
While Florida remains NextEra's key geographic territory, the company is branching out with renewable energy projects in other states, including solar projects in California and wind projects in North Dakota. In Texas, NextEra is underway with construction of the 300-MW Torrecillas Wind Energy Project in the southern part of the state. The facility will use 120 General Electric 2.5-MW turbine generators. Construction began this summer and is expected to take a little more than a year to complete. Blattner Energy Incorporated (Avon, Minnesota) is providing EPC on the project, which has an estimated total investment value of $495 million. 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.
