NextEra Energy Resources adds 515 MW of solar power to its third quarter backlog

NextEra Energy Resources aims to build 14.4 GW of solar power by the end of 2024. Image: NextEra Energy

The clean energy business of US utility NextEra Energy had a record quarter of successful origination in the third quarter, adding approximately 2,160 MW to its backlog, including 515 MW of new solar projects.

These additions mean NextEra Energy Resources added more than 5.7 GW to its renewable energy and storage backlog in the first nine months of the year.

“We are really excited about the renewable energy value proposition for the future, both in terms of low cost and the ability to decarbonize both the power sector and other sectors,” said Rebecca Kujawa, CFO of NextEra Energy, in a conference call following the release of the company’s third quarter results.

The latest quarterly additions, which also included 345 MW of new storage projects, follow NextEra Energy Resources revealing plans earlier this year to increase to 14.4 GW of solar capacity by the end of 2024.

NextEra Energy Resources reported a third quarter net loss attributable to NextEra Energy on an GAAP basis of US $ 428 million, compared to net income of US $ 376 million in the same quarter last year.

In addition to revealing that its Gulf Power utility plans to commission approximately 150 MW of solar power over the next six months, NextEra Energy said the 409 MW Manatee energy storage facility at its Florida Power subsidiary & Light was now 75% complete. Located on the west coast of Florida, this facility will be “the largest integrated solar battery system in the world,” the company said.


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