NextEra Energy Inc: Leading the Global Renewable Energy Revolution

Jakarta, INTI - NextEra Energy Inc., a utility company based in Juno Beach, Florida, is one of the world’s largest producers of wind and solar power. It owns two major electricity suppliers, Florida Power & Light Company and Gulf Power Company, and also operates NextEra Energy Resources LLC, a wholesale power generator responsible for the development, construction, and operation of energy infrastructure.

A Global Leader in Renewable Energy

As of 2023, NextEra Energy Resources operates an impressive portfolio of approximately 24,000 MW of power capacity, with 64% of it coming from wind energy and 11% from solar energy. The company is recognized globally for its leadership in renewable energy, with its wind and solar energy generation surpassing even some countries in terms of total capacity.

In 2023, NextEra Energy was the world’s top wind and solar power generator, producing around 47 TWh of electricity combined from these two renewable sources. According to data from the Global Wind Energy Council (GWEC), the company’s wind power generation capacity at the end of 2018 was comparable to countries like Brazil and France. In fact, only seven nations worldwide had more wind energy capacity than NextEra Energy Resources.

This remarkable achievement stems from a series of strategic investments and rapid growth in the renewable energy sector. Between 2017 and 2018, NextEra Energy commissioned about 4,800 MW of renewable energy capacity, which included wind, wind repowering, solar, and storage projects. The company signed contracts for more than 10,000 MW of renewable energy projects during this period, with around 40% of these contracts incorporating energy storage solutions.

A Strong Focus on the U.S. Renewable Energy Market

NextEra Energy Resources has been aggressively expanding its renewable energy portfolio, particularly in the United States. The company’s contracted renewables portfolio is expected to grow significantly, reaching between 27,000 MW and 34,000 MW by 2022, a substantial increase from the 18,000 MW contracted as of 2018.

The table below outlines the development program of NextEra Energy Resources from 2019 to 2022, with key renewable energy capacities and expectations for each category:

A Landmark Power Purchase Agreement

In one of its most recent and impressive moves, NextEra Energy Resources entered into a power purchase agreement (PPA) for what is expected to become the United States’ largest co-located wind, solar, and energy storage complex. This project, located in Garfield, Alfalfa, and Major counties in Oklahoma, will boast a combined capacity of 700 MW.

The first phase of this project will include a 250-MW wind farm called Skeleton Creek Wind, which is set to go online by the end of 2019. Following that, a 250-MW photovoltaic (PV) solar park, Skeleton Creek Solar, will begin operation by the end of 2023, alongside a 200-MW, four-hour battery storage facility. The electricity generated by these facilities will be sold to the Western Farmers Electric Cooperative (WFEC).

Future Growth and Expansion

Looking ahead, NextEra Energy Resources continues to focus on scaling its renewable energy capacity, with large-scale projects planned across the United States. The company’s commitment to expanding its wind, solar, and energy storage projects positions it as a key player in the global transition to renewable energy.

With its focus on innovation, sustainability, and large-scale infrastructure development, NextEra Energy is not only contributing to the renewable energy sector but is also playing a vital role in shaping the future of energy globally.

NextEra Energy’s success in scaling its renewable energy portfolio is a testament to the growing global demand for clean energy and the company’s leadership in meeting that demand.