09 Aug '11, 6pm

Wind News: Major Investments Underway in US and Abroad: 2011 is shaping up to be a good year for wind as the US

NextEra Energy is Bullish on Wind US power producer NextEra Energy (NYSE: NEE) intends to invest between $2.7 billion and $3.1 billion in wind farms over the next three years, according to CEO Lewis Hay, who spoke during a quarterly conference call last week. The company is the largest wind producer in the US with approximately 8.3 gigawatts (GW) of capacity and expects to add another 2 GW by the of 2012. This year, NextEra has signed power purchase contracts for 632 MW of wind - it has contracts for 1.1 GW in the US and Canada for projects that are expected to come online in 2013-2014. “We have signed more long-term power purchase agreements for new wind projects thus far in the first seven months of 2011 than we did in all of 2010,” CFO Armando Pimentel said. They also plan to invest $2.3 billion to $2.7 billion on solar power projects over the same time frame. German Wi...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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