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 | James L. Robo, Chairman & CEO Armando Pimentel, President |
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 | nexteraenergypartners |
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:
Oklahoma Gas & Electric Company is a regulated electric utility company that serves over 843,000 customers in Oklahoma and Arkansas, including 1.5 million people in the Oklahoma City Metropolitan Area. It is the leading subsidiary of OGE Energy Corp., with headquarters in downtown Oklahoma City. OGE Energy is also the former parent of Enogex Inc., a natural gas pipeline business which merged with CenterPoint Energy's midstream business to form Enable Midstream in 2013, in 2021 OGE and CenterPoint sold their general partnership in Enable Midstream to Energy Transfer. OGE Energy and its subsidiaries have about 3,100 employees.
American Electric Power Company, Inc. (AEP), is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states.
TC Energy Corporation is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina.
The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. AES Corporation is a global Fortune 500 power company. AES Ranks in the Top Ten of Fast Company's 2022 Best Workplaces for Innovators.
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.
EDF Renewables is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.
Google Energy LLC is a subsidiary company of Alphabet Inc., which was created to reduce costs of energy consumption of the Google Group, and subsequently to produce and sell clean energy. The division also allows it to take advantage of projects funded through the philanthropic Google.org.
In 2016, Arizona had 268 megawatts (MW) of wind powered electricity generating capacity, producing 0.5% of in-state generated electricity.
Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.
Enel Green Power S.p.A. is an Italian multinational renewable energy corporation, headquartered in Rome. The company was formed as a subsidiary of the power generation firm Enel in December 2008. It has operations in five continents generating energy from solar, geothermal, wind and hydropower sources. As of 2022, it manages a capacity of 59,9 GW and has over 1200 plants worldwide.
Canadian Solar Inc. is a publicly traded company that manufactures solar PV modules and runs large scale solar projects.
The U.S. State of Oklahoma has high potential capacity for wind power in the western half of the state. In 2021, Oklahoma's installed wind generation capacity was almost 10,500 megawatts, supplying over 40% of the state's generated electricity and 85% of Oklahoma's total generating capacity from all renewable resources.
Wind power in Tennessee has most potential in East Tennessee along the North Carolina border. The state has not passed renewable portfolio standard legislation and there is just one utility-scale wind farm with 15 operating turbines and previously 3 test turbines. The Tennessee Valley Authority (TVA), based in Knoxville, imports wind-generated electricity into its service area which includes Tennessee. US Senator Lamar Alexander from Tennessee is an outspoken critic of wind power.
The Enterprise Solar Farm is an 80 MWAC (105 MWp) photovoltaic power station located about 25 miles west of Cedar City, Utah in Iron County. The project was developed by SunEdison, built by Mortenson Construction, and commissioned in September 2016. The electricity is being sold under a 20-year power purchase agreement to Rocky Mountain Power which serves customers in Utah, Idaho, and Wyoming.
Enel North America is an American company headquartered in Andover, MA, United States. One of the renewable energy operators in North America, it was formed as a subsidiary of the global utility Enel S.p.A. in 2000. It has operations in the United States and Canada through its renewables and energy services businesses, with a portfolio including over 9.6 GW of renewable capacity, 160,000 EV charging stations, 4.7 GW of demand response capacity and 14 utility-scale battery energy storage systems, totaling 1,416 MWh of capacity under construction or in operation. It serves a customer base of over 4,500 businesses, utilities, and cities in North America.