Texas retains its huge lead as the largest generator of electricity in the U.S., including the largest total amount of renewable energy generation and the largest year-over-year additions of renewable energy, according to EnergyBoom’s analysis of the latest U.S. Energy Information Agency data for January and February 2011 released May 13. Renewable energy in this data is defined as wind, solar, wood-derived fuels and biomass, and geothermal.
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.
The U.S. Department of Agriculture (USDA) Thursday announced a total of more than $410 million in financing incentives for three large cellulosic ethanol projects and for small producers in 33 states.
In a separate announcement Thursday, the U.S. Department of Energy (DoE) offered a loan guarantee of $241 million to finance a renewable diesel plant.
Recent headlines suggest that TVA (NYSE: TVC, the Tennessee Valley Authority) is launching a renewable energy program, Generation Partners, which invites project developers to participate.