Company type | Publicly traded subsidiary of NextEra Energy |
---|---|
NYSE: NEP | |
Industry | Renewable energy |
Founded | 2014 |
Headquarters | Juno Beach, Florida, United States |
Area served | North America |
Key people | Alan Liu, President & CEO John Ketchum, Chairman |
Services | Wind power, solar power, and natural gas pipelines |
Revenue | US$ 301 million [1] (2014) |
US$ 162 million [1] (2014) | |
US$ 53 million [1] (2014) | |
Total assets | US$ 2.7 billion [1] (2014) |
Total equity | US$ 551 million [1] (2014) |
Website | investor |
NextEra Energy Partners LP, a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
NextEra Energy Partners is a limited partnership formed in 2014 by NextEra Energy. [1] [2] [3]
In June 2014, NextEra Energy announced an initial public offering for NextEra Energy Partners after the previously wholly owned subsidiary was approved for listing on the New York Stock Exchange under the symbol "NEP." Bank of America Merrill Lynch and Goldman Sachs structured the offering. [4] [5]
On January 9, 2015, a subsidiary of the company acquired Palo Duro Wind Project Holdings, LLC and the Palo Duro wind facility in Texas. [6]
In May 2015, the company completed the acquisition of 1,923 MW of contracted wind power projects from NextEra Energy Resources. The acquisition included facilities in North Dakota, Oklahoma, Oregon, and Washington. [7]
In November 2023, NextEra Energy Partners announced that it entered into a definitive agreement with Kinder Morgan, Inc. to sell its Texas natural gas pipeline portfolio for $1.815 billion. [8]
NextEra Energy Partners purchases and owns wind, solar power, and natural gas pipeline projects in North America. [1] [2] [3]
NextEra Energy Partners has wind power projects in multiple North America locations, including:
NextEra Energy Partners has solar power projects in multiple North America locations, including:
Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
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Burning of renewable resources provides approximately 90 percent of the energy in Uganda, though the government is attempting to become energy self-sufficient. While much of the hydroelectric potential of the country is untapped, the government decision to expedite the creation of domestic petroleum capacity coupled with the discovery of large petroleum reserves holds the promise of a significant change in Uganda's status as an energy-importing country.
The Capricorn Ridge Wind Farm is located in Sterling and Coke counties, Texas. The wind farm does not create any air and water pollution to the surrounding counties. It is a 662.5 MW wind farm, with 342 GE 1.5 MW wind turbines and 65 2.3 MW Siemens turbines that are capable of generating enough electricity for more than 220,000 homes. With all four phases combined, there should be over 400 turbines after the project commissioned in 2007. The wind farm is built, owned and operated by a subsidiary of NextEra Energy Resources, the U.S.' largest wind energy generator who is also known for generating electricity using natural gas, oil solar, wind and nuclear. This company, together with its subsidiaries owns, operates, develops, constructs and manages electricity and energy generating facilities in not only the U.S. but also in Canada and Spain. The project is part owned by San Antonio-based Sullivan Trillian Fund Private Equity. Its property Offtaker is Energy Market- ERCOT.
NextEra Energy Resources, LLC (NEER) is a wholesale electricity supplier based in Juno Beach, Florida. NEER is a subsidiary of NextEra Energy, a Fortune 200 company. Prior to 2009, NextEra Energy Resources was known as FPL Energy.
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