Nextera Energy Resources intends to create 30 GW of new renewables by 2024

• United States renewable energy power plant operator Nextera Energy Resources LLC, subsidiary of power utility Nextera Energy Inc., intends to create around 23 to 30 GW of brand-new renewables in the 2021 to 2024 timeframe.

"If we achieve success, it would indicate including a portfolio of generation projects that is roughly one-and-a-half times the size of Nextera Energy Resources' whole operating renewables portfolio since year-end 2019," said Nextera Energy Inc. on the event of the statement of its fourth-quarter as well as full-year 2020 monetary results.

Nextera Energy Resources is expected to create in between 10,525 MW and 12,700 MW of wind, solar and also energy storage space projects through 2021/2022 (signed contracts: 9,321 MW), including 4,800 to 5,600 MW solar projects (authorized agreements: 4,173 MW). In addition, the firm anticipates to develop 12,150 MW to 17,300 MW renewables through the period 2023/2024 (acquired: 4,226 MW), which includes 7,000 to 8,800 MW PV (signed contracts: 2,842 MW). In overall, Energy Resources intends to develop 22,675 to 30,000 MW in the duration from 2021 to 2024, including 11,800 to 14,400 solar projects. Currently the firm has renewable facilities with 7,902 MW in service, consisting of 1,466 MW solar.

The firm appointed roughly 5,750 MW of wind, solar and also storage space projects in the past year as well as increased the quantity versus 2019. Nextera Energy Resources has added 7,000 MW of renewable projects to its backlog; around 2.000 MW were added in the 4th quarter 2020, consisting of around 1,030 MW of new wind and also wind repowerings, 670 MW of solar as well as 300 MW of battery storage space.

Nextera Energy Inc. reported 2020 fourth-quarter bottom lines of $5 million contrasted to net income of $975 million for the fourth quarter of 2019. For the complete year 2020, net income was $2.919 billion (2019: $3.769 billion).

Nextera Energy Resources's fourth-quarter 2020 bottom line was $644 million. For the full year 2020, earnings is $531 million compared to $1.807 billion in 2019.