NextEra Signs Its First Customer Transaction Combining Wind, Solar, And Battery Storage
October 23,2018
NextEra Energy said today in announcing earnings that NextEra Energy Resources, "signed its first transaction in which a customer is combining wind energy with the largest combined solar energy and battery storage facility announced in the U.S. to date, to best match its load profile at the lowest cost."
NextEra further said that, "The NextEra Energy Resources team delivered a record quarter of wind and solar origination. Over the past few months, the team added nearly 2,100 MW of renewables projects to its backlog, including 850 MW of new wind projects, 447 MW of new solar projects, 120 MW of new battery storage projects and approximately 650 MW of wind repowering projects."
NextEra Energy Resources also successfully commissioned an approximately 200 MW repowering project, NextEra said
NextEra Energy Resources, the competitive energy business of NextEra Energy, reported a third-quarter 2018 contribution to net income attributable to NextEra Energy on a GAAP basis of $214 million, or $0.44 per share, compared to $292 million, or $0.62 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the third quarter of 2018 were $348 million, or $0.73 per share, compared to $292 million, or $0.62 per share, for the third quarter of 2017. NextEra Energy Resources' contribution to third-quarter 2018 adjusted earnings per share increased $0.11, compared to the prior-year quarter.