NextEra Energy Inc.
The United States Department of Energy (DOE) stated its plans to invest $60 million to support the advancement of concentrated solar power (CSP) technologies.
NextEra Energy, Inc. (NYSE: NEE), one of the largest power generators in the U.S. and the leading producer of power from wind and solar projects, released its Q1 2011 financial results Friday and said it had signed long-term power purchase agreements (PPAs) for an additional 400 megawatts (MW) of wind power since the beginning of 2011. At the end of 2010, NextEra had nearly 43,000 MW of generating capacity (approximately 53% natural gas, 19% wind, 13% nuclear, 13% oil and coal, and 2% hydro and solar), according to the company’s regulatory filings.
General Electric Co. (NYSE: GE) said today it will spend $600 million to build the largest thin-film photovoltaic (PV) solar panel factory in the U.S. and that 60 megawatts (MW) of the facility’s 400 MW total annual capacity has been contracted to NextEra Energy Inc. (NYSE: NEE). The company did not disclose the proposed location of the plant.