50% New Energy For U.S. By 2030 Is Doable

NextEra Energy: U.S. Can Hit 50% Renewable Energy by 2030

Maxx Chatsko, July 20, 2019 (Nasdaq)

‘…[NextEra Energy 's (NYSE: NEE) June investor presentation predicts renewables in th4 U.S. power supply] could approach 50%...[up] from the 25% share for renewables projected in the company's May investor presentation…[The new foredcast is based on] estimates from the National Renewable Energy Lab (NREL) and data from 2018…[NextEra Energy] produces more electricity from the wind and sun than any other company…NextEra Energy Resources (NEER), operates 17,000 megawatts (17 gigawatts) of wind and solar power assets across the country…

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[NEE] is the fifth-largest U.S.] capital investor…[and] plans to build an additional 29,000 megawatts (and counting) of wind and solar power assets…[The 50% estimate] can't really be compared to other projections…[But long term projections from widely cited sources such as EIA and BNEF have left the growth of wind and solar] consistently underestimated…[NextEra Energy’s estimates of the cost of modern renewable energy, with or without storage, show it will] remain competitive with natural gas, which is expected to cost an average of $30 to $40 per megawatt-hour after 2023…[which could allow wind and solar installations to] blow past most long-term projections…” click here for more

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