NextEra details US, Canada pipeline

NextEra Energy says it could develop between 1.625GW and 2.125GW of wind projects in the United States through 2015, with an additional 466MW on track to enter service in Canada.

The company’s Energy Resources unit, the largest renewable energy generator in North America, commissioned 250MW of new US wind capacity in 2013, one-sixth the record amount the previous year. An additional 125MW was brought online in Canada.

On 31 December, it had 10.21GW of installed wind capacity in both countries.

Also in 2013, NextEra’s wind production of nearly 30 million MWh of generation set a company record.

On the solar side, its development backlog of 785MW remains on track to be completed by the end of 2016. NextEra in 2013 commissioned 300MW of solar – all contracted – including 280MW of capacity from the Desert Sunlight and Genesis projects under construction in California.The remaining 245MW for both projects will enter service this year.  

The 550MW (AC) Desert Sunlight PV project is jointly owned by NextEra, General Electric Energy Financial Services and Sumitomo Corporation of America. The 250MW (AC) Genesis thermal project uses parabolic trough technology.

NextEra expects that its 250MW (AC) McCoy PV project in California will start to enter service in 2015 and be fully operational in 2016.

Energy Resources’ fourth quarter net income was $173m, or 40 cents per share, versus $175m, or 42 cents, a year earlier. In 2013, net income was $780m, or $1.83 per share, up from $693m, or $1.66 in 2012.

The parent company’s fourth quarter net income was $414m, or 95 cents per share, versus $433m, or $1.03 per share a year earlier. For 2013, net income was $2.1bn, or $4.97 per share, compared with $1.9bn, or $4.57.

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