NextEra doubles down on green hydrogen, other renewables

NextEra is doubling down on green hydrogen, with plans to build a 500-megawatt wind project to provide power to a hydrogen fuel cell company, the company noted Wednesday in a third quarter earnings call with analysts. The Florida-based energy giant said it continues to expand its wind portfolio as well, announcing on Wednesday's call a deal by its NextEra Energy Partners limited partnership to acquire a 100-megawatt wind project in California for $280 million, including taking on $150 million in existing project finance debt. Overall, NextEra said it has added more than 5,700 megawatts over the first nine months of 2021 to its backlog of renewable energy and storage projects. A large chunk of that — 2,160 megawatts — came during the third quarter, divided up between 1,240 megawatts of new wind projects, 515 megawatts of new solar projects and 345 megawatts of new storage assets. - Utility Dive