Dive Brief:
NextEra expects to build about 23-30 GW of new renewables between 2021 and 2024, including 12.15 to 17.3 GW in 2023 to 2024, by far the largest expected two-year development program in our history, CEO Jim Robo said Tuesday during the company s Q4 2020 earnings call.
The company s power development and marketing arm, NextEra Energy Resources, commissioned approximately 5,750 MW of new wind, solar and battery storage projects in 2020 while adding a net of nearly 7,000 MW to its renewables backlog, increasing it to a total of about 13,500 MW.
Robo said he expects the company s renewable development program to be further enhanced by an ability to attract new non-traditional customers, particularly in the commercial and industrial sector as improving renewable economics are increasingly aligned with corporate objectives to procure clean energy.