FPL subsidiary NextEra Energy Resources just announced that it is in the process of purchasing 3 wind farms from Babcock and Brown. Together, the wind projects are capable of producing 184.5 megawatts of power.
Per the agreement, which still needs regulatory approval, NextEra will pay something along the lines of $352 million for the following wind farms:
Majestic Wind Energy Center, a 79.5 MW wind farm located in Carson County, Texas, that sells power to … Read the rest
FPL Group (FPL), called the Wal Mart of Wind by Barron’s and the largest producer of wind and solar energy in the US, reported earnings this morning that topped analyst estimates at .90/share and represents 25% growth over the year ago quarter on revenue growth of 9%. All in all, a very good quarter in a tough environment. The company remains comfortable with expectations for 2009 and 2010 with EPS guidance of $4.05 – $4.25 … Read the rest
Xcel Energy has chosen NextEra Energy Resources to build its planned Northern Colorado Wind Facility. If the 152 MW project is approved by Colorado regulators, it’s scheduled to be producing power by the end of this year.
From the Denver Business Journal,
here are more details about the contract:
… Read the restThe 25-year contract between Xcel and NextEra calls for Xcel paying $50 per megawatt hour of energy produced during the farm’s first year of operation —
Just a heads up…FPL Group Inc is changing the name of its alternative energy subsidiary, FPL Energy. FPL Energy will henceforth be known as NextEra Energy Resources.
According to MSNBC, "NextEra Chief Executive Mitch Davidson said the company’s new name "reflects our focus on clean energy solutions and provides us with a strong brand platform to grow our business now and into the future."… Read the rest