Building a sustainable energy future with NextEra
The utilities sector has an important role to play in the road to decarbonizing the economy. As the world’s largest generator of wind and solar energy and a leader in battery storage, NextEra Energy Resources is leading the way.
In 2021, we acquired a 50% direct interest in a portfolio of 13 wind, solar and energy storage assets across the US from NextEra Energy Resources. Together, these assets have a generating capacity of approximately 2,520 MW, replacing higher carbon energy sources and fulfilling the energy needs for customers across the U.S. in a more sustainable way. For example, in locations with battery storage capabilities, the reliability and resiliency of the renewable energy is improved and excess energy generated can be stored until it is needed.
NextEra Energy Resources’ parent company, NextEra Energy, also works to deliver environmental value by minimizing its waste footprint. The company looks for opportunities to reuse and recycle materials in their energy assets prior to developing new ones. For example, the company works proactively with vendors to reuse solar infrastructure components. For its wind assets, in 2021, NextEra recycled 393 turbine blades and has identified an additional 287 fit for recycling.
Through continued investments and innovations in wind, storage, solar and green hydrogen projects, NextEra Energy is leading efforts in the US’ power sector to decarbonize the electricity grid. The company also has ambitious plans to decarbonize its own business and produce power with zero-carbon emissions by 2045.
“NextEra Energy is one of the world’s leading renewable energy companies and they share our focus on shaping a better future through the development of sustainable energy.”
Chris Ireland, Senior Managing Director, Greenfield and Renewables
Ontario Teachers' Pension Plan
Learn more about how we're investing in electric grids to accelerate the energy transition.