NTE Energy to Establish 5 GW of Clean Energy Projects

Feb 12, 2021 12:33 PM ET
  • Nationwide portfolio to consist of solar, BESS properties

NTE Energy prepares to establish more than 5 GW of tidy energy projects in the following five years, the firm announced today.

NTE is presently dealing with financial investment companions to progress development of a tidy energy project pipe that includes 1.2 GW of solar and also 3.9 GW of battery energy storage space systems (BESS), with 3,000 to 4,000 MW expected to reach commercial procedure by 2026.

" Advances in tidy energy modern technology as well as solid market demand for renewables are positioning 2021 to be a record year," stated Steve Remen, NTE handling director of renewable resource sources. "Structure on our deep customer relationships and solid performance history of successful project advancement experience, we have actually produced a geographically varied pipeline of solar and also storage projects across the United States."

NTE's clean energy pipeline currently consists of early-stage growth of eco-friendly and storage space possessions to be found in the ISO-NE, MISO, ERCOT, NYISO, SERC, PJM and WECC markets. Some of these projects will be co-located with new or existing thermal generation projects, offering economies of scale.

" Using extremely efficient natural gas generation to complement intermittent renewable resource provides our customers with company, low-cost energy," Remen said. "By co-locating renewable projects with thermal generation, we can use customers accessibility to cost effective renewable resource alternatives supported by reputable gas."

The NTE team has actually established a total amount of 127 GW of energy projects, consisting of wind, solar, consolidated cycle natural gas, coal, oil, biomass, hydro and even more. In the past 3 years, NTE has actually established, financed, built and appointed 950 MW of generation projects. In addition to its clean energy pipe, NTE has 2,700 MW of natural gas-fired electric generation in different stages of growth, including the 650 MW Killingly (Connecticut) Energy Center, which is expected to start building and construction this year.

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