Transcript
Page 1: Nextera Distributed Generation booklet

Distributed Generation

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Page 2: Nextera Distributed Generation booklet

In the competitive energy business, NextEra Energy Resources stands for clean energy. Now more than ever, our country relies on energy to support the economy and sustain a high quality of life. As the largest generator of solar and wind power in North America, we are committed to providing reliable electric power in an environmentally sensitive way.

Offering Experience, Expertise to Our CustomersNextEra Energy Resources has been generating clean energy for more than 25 years. We own and operate more than 18,000 megawatts (MW) of generating capacity, as of January 1, 2014. About 95 percent of our generating capacity is derived from clean or renewable sources. In addition, NextEra Energy Resources is the largest owner and operator of solar and wind power in North America. Our parent company, NextEra Energy, Inc., is a Fortune 200 company with nearly $70 billion in total assets at the end of 2013. Together with our sister company, Florida Power & Light Company, we have been operating power plants for more than 85 years. We have the financial strength and industry expertise to plan and develop large energy projects, and we are proud to be a leader in clean energy.

NextEra Energy Resources’ solar portfolio consists of nearly 600 MW of operating assets. Our commitment to solar energy includes developing large photovoltaic and solar thermal projects as well as developing decentralized solar projects to help businesses, schools, and municipalities realize the benefits of renewable energy. By the end of 2016, we expect to own more than 1,300 MW of operating solar generation, contracted through long-term power purchase agreements (PPA).

To speak directly to a member of our Distribution Generation team, contact us at [email protected]

NextEra Energy Resources’ Paradise Solar Energy Center is located in New Jersey.

» Subsidiary of NextEra Energy, Inc. (NYSE: NEE)

» Founded in 1985 as ESI Energy

» Headquartered in Juno Beach, Fla.

» Nearly 130 operating assets in 24 states and Canada

» Net capacity of more than 18,000 MW

» More than 4,500 employees

» Largest generator of wind and solar in North America

» More than 10,200 MW of operating wind

» Nearly 600 MW of operating solar

» Our parent company, NextEra Energy, Inc., is recognized for the eighth consecutive year as FORTUNE magazine’s most admired electric & gas utility

* as of 1/1/14

NextEra Energy Resources – Clean Energy Leader

NextEra Energy Resources Facts at a Glance*

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» Generates potential savings

» Protects against commodity price volatility

» Diversifies power supply

» Reduces carbon footprint

» Helps achieve sustainability goals

» Provides branding and marketing value

» Decreases peak electricity demand

No Better Time than NowSolar incentives are declining. Currently, PV solar installations are eligible to receive a federal investment tax credit (ITC) equal to 30 percent of system costs. However, the solar ITC is scheduled to decrease to 10 percent after December 31, 2016. Many state and local incentives are also declining as the number of installed systems grows. In addition, solar panel prices are expected to increase for the first time in more than a decade. That means there is no better time than now to start benefiting from solar.

Under a NextEra Energy Resources’ ownership structure, we ensure all available incentives are fully monetized and we utilize the purchasing power of our multi-billion dollar organization to procure solar equipment at the lowest possible costs, together resulting in a lower PPA payment for the customer.

How Distributed Generation WorksDistributed generation (DG) solar projects typically use photovoltaic (PV) panels that directly convert sunlight to electricity. Solar arrays are installed on or near a customer's site, and electricity generated by the solar system is consumed by either the local utility or the customer. This offsets a portion of the electricity the customer needs to purchase from its existing energy supplier. While some systems are customer-owned, a large number of DG solar installations are financed under long-term power purchase agreements (PPAs). Under a PPA, the customer makes monthly payments to the system owner for electricity generated by the system, and the system owner finances the installation and ongoing maintenance.

NextEra Energy Resources Distributed Generation group structures solar solutions for a variety of commercial and public sector customers across the U.S. To learn more, contact us at [email protected]

Environmental and Economic AdvantagesNot only is solar energy environmentally responsible, but it also provides economic benefits and a long-term, predictably priced source of power. Due to rapidly declining solar equipment costs, more efficient technology and certain incentives, the cost of solar energy is becoming increasingly competitive with conventional electric power. Now more than ever, solar systems are being installed in regions across the U.S. – at a pace of one system per every four minutes!1

Sources: GTM Research’s “U.S. Solar Market Insight 2013 Year-in-Review” and “Global PV Pricing Outlook: Q2 2014”

DG solar installations add value to available roof space.1 Greentech Media article “A Solar System Is Installed in the U.S. Every Four Minutes” published August 19, 2013 by Stephen Lacey

Distributed Generation: Small Systems, Large Impacts

U.S. Solar Installations Since 2009 vs. Module Prices

An

nu

al P

V In

stal

lati

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s (M

W)

Mo

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le Price ($/W

)

DG Solar Benefits

5,000 2.50

3,000 1.5

2,000 1.00

1,000 0.50

2009A

435852

1,919

3,369

4,751

2010A 2011A 2012A 2013A Q1 2014E

Q2 2014E

Q3 2014E

Q4 2014E

0 0.00

4,000 2.00

2.28

0.700.80

Annual PV Installations (MW) Module Price ($/W)

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Since 2009, our team has completed more than 75 MW of DG solar across eight states for a variety of different customer types:

» Public and private schools and universities

» Municipalities

» Hospitals

» Commercial entities

» Investor-owned utilities

» Municipal utilities

» Electric cooperatives

Our team can tailor a solar solution to fit any customer need. We are installing solar on retailers’ roofs, on shaded parking structures for schools and businesses, and on vacant land next to municipal buildings.

To begin benefiting today, contact [email protected]

Gettysburg College in Pennsylvania has a 366-kilowatt installation that was completed in 2012.

NextEra Energy Resources Distributed Generation

Monmouth County courthouse in New Jersey is part of 1.6-MW project completed for the county in 2011.

Springside Chestnut Hill Academy in Philadelphia, Pa., is a 144-kilowatt installation completed in 2012 as part of a 3-megawatt private schools project in Pennsylvania.

Turnkey Solar SolutionsOur team prides itself on the ability to structure a solar solution to meet any customer need. We develop, build, finance and operate systems and create the right commercial solutions to meet customers’ specific goals.

NextEra Energy Resources is the largest generator of wind and solar energy in North America, and we have more than two decades of experience owning and operating generating assets and delivering the highest level of customer satisfaction.

For more information on our prior experience and capabilities, visit us on the web at:

NextEraEnergyResources.com and NextEraEnergyResources.com/ what/distGen.shtm

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NextEra Energy ResourcesAs of January 2014

NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $15.1 billion, approximately 42,500 megawatts of generating capacity, and approximately 13,900 employees in 26 states and Canada as of year-end 2013. Headquartered in Juno Beach, Fla., NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 4.7 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which together with its affiliated entities is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries,

NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity, and has been named No. 1 overall among electric and gas utilities on Fortune’s list of “World’s Most Admired Companies” for eight consecutive years, which is an unprecedented achievement in its industry.

For more information about NextEra Energy companies, visit these websites: NextEraEnergy.com, NextEraEnergyResources.com, FPL.com.

About NextEra Energy

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NextEra Energy Resources:

U.S. states and Canadian provinces with generating assets in operation

States with Distributed Generation Projectsand NextEra Energy Resources Generating Assets

States with Distributed Generation Projects

NextEra Energy Resources Corporate Office

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31234

NextEra Energy Resources, LLC700 Universe Boulevard

Juno Beach, Florida 33408

For more information, go to:NextEraEnergy.com

NextEraEnergyResources.com


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