Construction work could begin this fall and the capital investment is pegged at $600 million. Around 17 full-time jobs will be created once the array enters service.
The energy company has already met 75% of its low-end expectations for 2024, with 3+ years to go. Add in multiple potential industry tailwinds and a picture of unprecedented growth may be emerging.
Elon Musk said “it will not be long before Tesla is, by far, the market leader in solar.”
Also in the brief: Environmental concerns could limit the foreign market lor liquid natural gas (LNG), Trump administration lies about fracking employment.
Also in this morning’s brief: Outback Power partners up for home resiliency, the top 10 global solar developers — plus NextEra is ready to construct Eagle Mountain, a 1,300 MW pumped storage project that is fully permitted and shovel-ready.
Executive and boardroom moves in solar, storage, cleantech, utilities and venture capital.
Executive, career and boardroom moves in solar, storage, cleantech, utilities and energy VC.
NextEra’s earnings call showed why the company’s stock has gained greater than 50% in the past year, as it deployed 2.7 GW of new and repowered renewables, including 700 MWac of solar power and 340 MW/1.3 GWh of energy storage in 2019.
The largest wind and solar developer continues to grow, with more solar projects paired with storage as it reaches 5.3 GW of contracted solar projects. And it’s making good money at the same time.
The power company’s project backlog has never been bigger and this is just one piece in an expectedly strong finish to the first half of the year.
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